Generally speaking, the poorest people rely strictly on one source of income and with that income focus on providing their families with a comfortable life style (boats, new cars, yearly vacations, designer clothes, etc.)

I'm actually in a very similar boat as you.

- In my area, one can drive through the back-roads and see $40,000 bass boats sitting in front of 16' wide manufactured "homes".

@Taylor Green As Ann was saying, you need an attorney, especially in collection issues if you're not familiar with applicable laws.While HMLs have fewer lending restrictions that one lending on an owner occupied home (they do the commercial side) it's not the wild west, they are regulated and every business transaction is covered under the Uniform Commercial Code (UCC).Lenders can only "attach" property that is taken for collateral, a HML is not going (or shouldn't be) toward securing cars, or boats or non-business assets as that constitutes a consumer loan and they'll likely be in violation of consumer lending regulations.

Having sweeteners available such as personal property: cars, boats, Karatbars or silver bars can sometimes be the final perk you can throw into a deal to lock it down.

@Ruben DominguezSo I missed the boat on the Buildium price increase and they must be a sponsor of Bigger Pockets because a prior thread, "Buildium ups prices over 50% for little-guys" was shut down by an administrator.  

Hey Hunter, my name is Eddy an we seem to be in the same boat!

If investors had relied on national trends in seeking opportunities they would have missed the boat. 

I am in a similar boat with you, and I do invest out of state.

Hi All- I'm in a similar boat.