Another thing two of my tenants (single young ladies) sought was owner-occupied building.

Gotta say I’m in Tampa and even I know about this Hattie lady.

Sure, the markets will fall, but companies like Proctor and Gamble aren't going anywhere because people will always need their products The same goes for real estate.  

Buying someone's unknown LLC is not a calculated risk, that's what I call a gamble.

A little ol' lady's life savings isn't worth itReal estate investing is risky, and those who are new to the business and haven't been injured yet fail to appreciate the reality of that risk.  

She started telling me a story about this old lady and I cut her off after 5 seconds of this story and said, "Mom, I already know this is going to be bad deal because it's an emotional deal." before knowing the PP or Rent.

I have new friend or several at city hall i know one lady there has plenty of info about everyone and everythingFrom her I learned that joe blow never had a job over three weeks in his life the whole family lie about everything will tell me they work abc,and rent from xyz and that Abc and xyz are uncles and told me where they really lived .

We pick up and roll a magnet every single day and now this lady is telling me that I owe her $165 for a car tire.

And yes, the owner already collected insurance $$ from the damage but it wasn't enough to fix it (or so she said).The current owner (83 yr old lady) loves me to pieces and wants me to buy it for $55k, but no one believes it's worth it, Zillow says it's value is $53k but i figure 35-40k considering the damage.

The casino keeps the remaining 2 cents, which you can see displayed up and down the Las Vegas strip.However, when you gamble you're really playing for the variability.