Keep reading, researching, learning and networking to gain as much knowledge as possible on REI, the different strategies, different peoples success and failure stories, etc.2. 

Funny thing about BP you read alot of 500 units bought with no money down but few come  back to update the failures.

I OWE all of what ever success and failures I have had to real estate and there have been many on both sides of the ledger LOL.But having the license and engaging in the industry has treated me well .. and if I was a money hoarder I would have retired by 35 LOL.. but I like life I like to travel.. fly my own plane that sort of thing so its a fine balance.but once you get in the game you get in the game..

The astute buyer investor has to research intensively and make conservative assumptions on how the property might perform and operate.If a buyer purchases on the premise the seller is selling that if everything goes perfect the costs will be XX then the buyer is being set up for failure as the odds are against them.

The most desperate option is a Motion to Quash, saying the entire foreclosure is invalid for a variety of reasons, but most often for failure to properly serve the defendant.

You should also probably let me worry about controlling for properties that actually cash flow.OK Mike, let's talk about diversification and control ... you have 12 Baltimore properties that you are "controlling" from Brooklyn ... to do that, you need to rely solely on a single PM to screen tenants, select them, perform repairs, collect rents, and send them to your Brooklyn PO box ... you have a single point of failure outside of your control, not 12.

This is a moral failure in your view?

I have heard of failures and I have heard of successes.  

As a final take away: "Doubt kills more dreams than failure ever will" -Suzy Kassam

This means that system failure does not fill your house with poo.I don't recommend them but when you have to you have to.