To the seller, it could scare them further and be something you could negotiate with.

For long term strategy i would suggest finding a trust that manages a sector that you're comfortable with (NNN leasing, health care facilities, large residential complexes, etc.) but if you are just looking to do a little gambling, a mortgage based REIT can provide insane div yields, for a while at least.

The financial aspect of renting rooms is astronomical to your wealth and I would not let these small scares shy you away.

": About a year and a half ago, I did indeed have a family health hardship and a business financial hardship.

You are virtually guaranteed to either (1) tick off the current tenant and make his or departure stressful and/or (2) scare off good prospective tenants who will see the unit in a less than desirable state (after all the tenant is moving, so the place is likely to be trashed).

What have you done about health insurance?

He then gave me a loooong presentation about the singles and their company, and , many pictures of other houses that had extensive mold and damaged roofs, clearly to scare me so I would buy a new roof (reminds me of how asset protection lawyers start their presentation with examples of how you can lose everything if you don’t have an entity).

You must know the symptoms of black mold because most of the homeowners take mold unseriously and after that, it will affect their health and cause other problems.

Having a college education and a degree in a health care related field nonetheless has allowed me to expedite my real estate investing career by allowing me to take more risks.

I am scared at the concept of borrowing 1m against the building with a 10 year term before variable 20 years.