Granted those pics aren't super-high res, but the place looks cute as a button.

That is not the case with real estate who by sheer accident (not because they are smarter than other investors) are unable to engage in this reckless behavior.Furthermore, in private markets like RE, prices are not marked-to-market daily.

We also will be closing on 2 more properties a the end of the month that we will keep as buy and holds.So all together that is 19 out of 30 properties at the half way mark.  

Throwing good money after bad to trying to collect a non-collectable  debt is something some landlords do just to get back at the former tenant and mark their credit.It's been awhile since I dealt with residential tenants.

Hi @Mark CisonI am not sure who you are working with, but I would highly recommend you talk to Brie Schmidt here on BP.

@Mark @Mark Kovacs are you wanting just rentals or are you also wanting to flip?

@Kyle Jiron @James Masotti @Miguel Dormany @Kyle Johnston @Jill DeWit @Mark Ferguson Thank you all for the warm welcome and tips on getting started!

@Mark Fries is a great contributor here on BP and I know he’s a GC in the area. 

Hi Mark,  I would recommend speaking with your Real Estate Attorney or Title Company representing you in the transaction for the best advise. 

So it is possible, but the vast majority of real estate investors graduate to either commercial/large multifamily, or become passive investors in syndications before they hit that 10 conventional loan mark.