If someone called me and offered to do some chores in exchange for some life lessons, I'd be happy to help them. 

., buying the supplies and not always knowing what amount or the proper lengths for some things - lesson learned.

I split the wholesale fee with him and walked away with $6,000.Lessons learned: Don’t wait.

I spoke with him a couple years ago and walked away understanding that he indeed is engaging in securities trades.There is lesson here for note newbies - these partials you attempt to play with can be viewed as securities.  

The basis in your old house, $100K (less one year depreciation) will now be the basis in your new house, plus any amount above $150K which you paid for the house.

Lesson's learned for me (as well as you), never buy anything at its peak.

I paid the penalty as it was my fault that it was incurred, but it was an expensive lesson.  

Then again, contracts are typically the results of past lessons learned, which is probably why they tend to get so much longer as time passes :-P

Thus, financing for commercial real estate is based less on the individual borrowers ability to pay and more on reasonably expected cashflows from the deal.  

Everything gets charged to the one credit card, with two kids, there is day care, tuition, tennis lessons, etc.One piece of advice as you go on about your journey.