It is a lot more difficult to lose more than the money you put into the deal when you take the leverage piece out (only repairs, tax levies, and transaction fees will cause you to lose more than 100%). 

They can levy fines for items associated with the tenant.  

@Levi BrookeSo you’ll get in with zero down, break even while you live there, and cash flow after you move out?

I am not sure what state you are in, but you might have excise tax on top of all the other fees.Then you have got subtract out what you owe.

Hey @Levi Kirkland!

Cons - Does this event trigger a title transfer tax/excise tax of 1.78% (WA State)?

@Or Levy asked for an update on my properties and I thought I'd post it here for anyone else who is looking. 

Thanks, Levi

Regards, Levi - A W2 investor in pursue of cashflow 💵 P.S: some ideas what can be done with 25K - use as downpayment for an investment property; start a short term business; become a passive investor in someone else's deal...

Having seen the inside of the business for a collections attorney, it wasn't uncommon for someone to pop up many years later and be able to attach their wages/stop escrow from closing/levy a bank account.