So, if investors are accumulating various forms of debt to accumulate assets it is critical to track their net asset position, otherwise it can lead to bankruptcy if large amounts of debt are taken out irresponsibly.

I bought my place after the last financial meltdown, so I have plenty of equity to cash flow my house as a rental and I thought about it last year, or an equity split with a friend to get him into being a home owner; but then you have to look at Cash on Equity instead of just cash on cash returns as I have heard David Greene talk about before (just looked it up to make sure and it is in his book http://biggerpockets.com/longdistancebook).I found a facebook video of David talking about the long distance thing, which you have probably heard on the podcasts (probably won't be able to post the link to fb: https://www.facebook.com/BiggerPockets/videos/newest-biggerpockets-author-david-greene-talking-long-distance-real-estate-inves/10155417628854833/)

Out of those sellers there will a certain percentage that are in distress or need to get out from under their mortgage quickly.Now as a real estate investor I could keep the leads I want to pursue but sell on the other leads to a real estate agent.Questions Sellers Are Interested In?

This would have left 36k in my pocket though which would lead me to my next deal right away.If you are buying a condo to rent make sure you find the insurance agent that insures the whole building and make sure you or your LLC gets added to the Master Policy.

I also have been leading my out of state investors to this area.

I have gotten leads from vacanthouses.com.

@Brock Norton, I think you may be confusing a few things here.Federal Housing Authority (FHA) loans are backed by Housing and Urban Development (HUD) to help new buyers get into a property with a very low down payment. 

Toys R Us, Office Max, Sports Authorities, etc.  

page=5Bonus for the weekend, my collection for starters (read the comments too, and then if you like the author, go check out what else they wrote): - https://www.biggerpockets.com/renewsblog/stages-of-investing/ - https://www.biggerpockets.com/renewsblog/newbies-learn-real-estate-investing/ - https://www.biggerpockets.com/renewsblog/5-ways-to-know-youre-not-ready-to-invest/ - https://www.biggerpockets.com/renewsblog/ideal-vs-desperate-investor/ - https://www.biggerpockets.com/renewsblog/how-much-to-offer-property/ - https://www.biggerpockets.com/renewsblog/hazardous-attitudes-of-investors/ - https://www.biggerpockets.com/renewsblog/2016/05/31/21-traits-scammy-real-estate-investment-guru/ - https://www.biggerpockets.com/renewsblog/youre-not-cut-out-to-be-real-estate-investor/ - https://www.biggerpockets.com/renewsblog/questions-new-investors-should-ask/If that's not enough, ping me and I'll give you a whole collection of blogs and podcasts to follow.Bonus 2: 1) Read at least one hour per day every single day.2) Remember the quote by Jim Rohn "You are the average of the five people that you spend the most time with."3) Check for toilet paper before sitting down.

It's also not a "job" where business is handed to you (some brokerages will give you a leads for a hefty split of your commission, but they will expect you to be working full time as an agent).