When it comes to asset protection, many ways to skin it.

I make a descent middle class wage, fund a 401k, a ROTH IRA, as well as expect social security to come in.All in all, after doing some finical calculations based on projected earnings and average retirement account/401k growth over the next 30 years, I should actually have a healthy retirement.

The Feds give a pretty healthy mileage deduction, and it will add up.

The license means you have some 'skin in the game' and something on the line ..your license.

What they think is a good deal might be a good deal for a end-user retail buyer but not for somebody who is going to buy, fix, and flip for a healthy profit.I'm just getting started as well and I'm in escrow on my first fix and flip in Woodland Hills.  

Surviving the recession by the skin of my teeth taught me that if nothing else. 

I dont see the point in making tons of money if you are not fit/healthy/energetic enough to enjoy your time spending it.

Credit-card debt was up by $24 billion to $808 billion.The good news is that many new loans last quarter went to households with healthy credit.

Also if i am not mistaken i can also use CalHFA and Zip / CHDAP downpayment assistance programs having my skin in the game very  minimal. please don't bash me too hard or discourage me too much, those of you who go too straight edge and by the books frowning at anything that is not 100% permitted or those of you who have the portfolio and income to turn down and scoff at these "garbage properties. i don't currently have that luxury and i'm will to get in and grind so i can have more free time to make a full career transition into Real estate. 

In all of these cases the properties are current rentals owned by a landlord.Sorry to hijack the thread about cashflow, but I am just looking for good advice on how to perceive these deals and whether or not there is a good threshold for what's an acceptable deal from a tenant and cashflow perspective, or whether I should solely be looking at the cashflow and just build a thick skin and deal with strange tenant situations.