Warren Buffett said it more succinctly, though.I can relate in a different way to your chosen quit day of September 11, 2009.

Some folks like using a hard money lender instead of using your own money/leveraged debt, but I myself haven't tried that yet.What you do ultimately depends on the nexus of your skill sets, time available and the opportunities your chosen market presents.

Extremely clear criteria (make sure they are realistic for the market you've chosen, or you'll quickly see you need to look a little further afield)2.

Tell your conventional lender that you have chosen to go a different direction.

We have seen areas I would "never" had chosen for myself!

I have chosen to start on this journey through house hacking and am currently looking for my first property.

That's stated, it is also our professional responsibility to ensure that claims are handled appropriately and equitably by the insurers we have chosen to underwrite the Program.

(I have had tenants turn the AC off when they move out or the heat in winter)- We require they have someone check on the property if they leave it for more than 5 days (This is to make sure there are no water leaks or HVAC issues that lead to problems while they are gone)- No businesses can be run from the property (to prevent day care, laundry services, gambling, drugs or who knows what)- We specify yard care includes week spraying and cleaning up sticks less than 1" in diameter (otherwise tenants think yard care is mowing only)- We state that tenants utilities can be used for routine maintenance or repairs (I once had a tenant complain the roofers were using his power for their compressors)- We have a whole section on mold stating that mold is naturally occurring and results from excess moisture.

With the appreciation you are actually gambling that the market won't take a turn for the worse.

But I see other seniors in my building with gambling problems (lots of Indian casinos around here), who smoke cigarettes and/or pot, who spend their money at the local bar, going out to eat, buying new clothes, etc.