It would take 3 or 4 years of heavy payments on that 2nd before it was gone and I started seeing positive cashflow off the rental.If I had $20k in cash laying around to use as a DP on the new house, this would be pretty easy.

When you only have one rental, it is easy to pretend that you are making more money than you really are.

It is not that easy to read and you can not click on it or otherwise copy and paste.

The vast majority of the time, it's brought on by poor, bad or just dumb choices.It's easy to sit and say, "I feel so bad people are losing their houses."

That kind of talk would make good evidence against you in an unlicensed-practice-of-brokerage prosecution.To do a brokerage deal, you must have a brokers license or be a licensed salesman and be affiliated with a licensed broker.

you'd need the financing up front - that's not easy to do - unless through a hard-money lender and that can be challenging as well.with reo's - they usually require an earnest deposit (like 10% of purchase price).

You Dont need a pre qual letter if your paying cash, you can get proof of funds easy with a google search..

They are easy to set-up and move.

It's not easy to move.

As for GFCI's, installing them is fairly easy and if you have any mechanical ability at all, you should be able to do it yourself, just make sure you turn the power off first.