Didn’t give them away and now our economy is booming that’s why the housing market is crazy. 2008 was a financial disaster approving anyone with a pulse. 

And there´s less risk of boom and bust, as we often see in larger secondary cities.I´d recommend trying to keep the property values over 67k per door, that will make re-financing with commercial lenders much, much easier when you own more than 5 units. 

It worked out at the start until many of the insur and taxes started going up due to a boom. 

Passive marketing often has the biggest profits on your deals, because someone is in pain and they are seeking you out.Passive Marketing: Search Engine Optimization (SEO), Google Pay Per Click (PPC), Facebook Ads Retargeting, Direct Mail, TV commercials, Radio AdsActive Marketing on the other hand can be extremely difficult and go through boom and bust cycles.

Tons of people are moving to Colorado and the market is booming.

Definitely Taking Advantage Of Flipping Homes In This Booming Market

The next step is for the rug to be pulled out entirely, loan denials even when loan docs are out for your signature with the notary, it happened in 2008, it happened in March 2020 (until the Fed $ printers were turned on), and I wouldn't be at all surprised if now (that the $ printers are off again) it happened again, and BOOM there went your $20,000 earnest money deposit, forfeit to the seller, with no practical recourse against the bank (no serious lawsuits or settlements came of it in 2008, or March 2020).

Court proceeding/eviction, eviction will be on your permanent record making it very difficult for you to find a new place to live, you will be charged for our attorney/court fees (depending on your local laws), and any money you owe will be sent to collection agency to collect. or 2.

All these leads are public records and will usually be fresher straight from the clerks office, tax collector, code enforcement, etc… 

He got in a squabble with someone at his property and boom shot and killed.. this one made national news in Australia as many in that country were pretty clueless to how we define neighborhoods by A B C D F .