Overleveraging: Poor mindset investors may take on excessive debt or use risky financing options without a clear plan to handle potential financial setbacks.4.

One had an asking price that was about 25% higher than it was worth, and the other two were low, one excessively so.

A lot of folks who are in this situation usually only transfer business funds into their provided AIO checking account (take out from their business as a distribution) when they have excess cashflow.When they want to use the AIO they'll wire, write a check, or ACH the funds to their business account and spend it from there so that the funds always pass through proper channels and you're not just blantantly paying business items out of the AIO directly.However if the AIO loan is an investment property and its already operating as a business property then paying directly out of this AIO is still aligned as business use.Hope that helps. 

It avoids the excessive late "fees" when they mail their check late or forget to mail it entirely.

Again, the fees seem unreasonable and excessive.

If you do get stuck with Citizens remember they only offer 100K liability, you'll have to buy an excess liability policy from another carrier to get higher amounts.When buying a property here, allow for the expenses of updates to make the property insurable.

For the numbers people....12k mi yr/3 yr600 down ( including first month payment )250 mo (includes tax and excess wear/tear)500 back from hyundai800 back PGE2500 back from stateand I use about 80/mo in electricity for about 1k mi mo..

I too wanted to dive into REI, but I'd rather wait another year or two than start while the poor decisions of my excessive CC spending could impact my success.

Of course, I'm a buy and hold guy stuck on cash flow and am not too keen on excessive speculation on appreciation.

Also, I like the pet rent to cover me against excess damage overall.