I dont' see any reason to cut into my golfing, skiing and traveling time in order to accumulate more financial assets.

I fear that I will get scared off by this and end up not pursuing law or something else and end up being something of a financial loser my whole life.

They ran into some financial difficulties and filed bankruptcy.

This is a red flag to me and tells me that one: they lack funds, and 2: if a financial problem occurs, they do not have the means to pay me my rent.This is simple a good policy and helps/not eliminates the problem of a poor tenant.

I now try to look for financial or credit partners to get more deals done and also I have been investing in apartment buildings to build more cash flow.

Plus there are additional details with the financial math, which is why I am here.

If they pass your criteria and the deal makes financial sense, do the deal.Scenario 2...a) Find a great property without tenants.

All under the guise of "helping homeowners" or "bolstering the financial system" but in reality its just a sickening good ol' boy network between big banks/brokers and their "regulators".

It's your money and you have no obligation to leave it to your kids.Now here is my perspective:My family, including my grandparents, my parents and my siblings, have always acted as a team in all matters, including financial.

Your seller sounds cooperative, and very well should let you review the financial data to make sure his expenses are accurate.