In addition, I discovered that it was required for the water service line to be replaced as well. 

Many times investors are surprised to discover that the house they bought does not conform to the Zoning of the lot and that changes are therefore legally difficult to make. 

I've been renting ever since I was 18, and finally discovered biggerpockets and have now been educating myself in buying my first rental property, as an investment and to live in.

Buyers can be lured in by higher cap rates but then discover the buildings are NN instead of NNN and have cheap construction that makes re-tenanting hard to do because of inferior locations.Occasionally one  can find an all brick or block type store in a strong suburban location for low rents that are under market.

I am using IUL to funnel all my cash flow, and use it as collateral for loans to reinvest in real estate.Liquid, safe, tax free, asset protected and a good life insurance for my family and estate planning purpose.Like most of the people who discovered max overfunded cash value life insurance, I wish I knew about them a few decades ago...

When a title is seasoned, it implies that the property has been owned long enough for any potential issues, such as liens, encumbrances, or title defects, to be discovered and resolved.If you have the availability to do so, a lender should be able to recommend if FHA 3.5% down, or 5% down conventional will be a better option for you based on your qualifications.

At one point, that was the most important game to understand and I got really good at it…And then, almost overnight I discovered that I was playing the wrong game altogether.

I always wanted enough passive income to do whatever I wanted whenever I wanted...then I realized I don't have a lot of hobbies or a major "calling" (I haven't discovered it as of yet, despite reading dozens of books on the subject). 

In the past five years after chasing the passive revenue train, I've discovered there are a million ways regardless of someone's budget to create revenue. 

@John Teachout it was a risky move, we had ran out of money and just my luck during the rehab we had discovered unexpected items that needed attention to be repaired.