As long as you have a fixed loan/mortgage, and the rental income isn't at a high risk for dropping dramatically, you are covered regardless of what the market does.

I love the team that I have in place, which is a major factor keeping my focus in the same geographical area.Going forward, I'd like to explore multifamily rentals and maybe expand to a second market such as North Florida or Central Arizona.I'd also like to get more involved in the real estate investing community in general and attend some meetings at a local REIA.I'd love to share any of my experiences if it helps someone.I look forward to being more involved as a member of the Bigger Pockets community. 

I'm not going to risk a 1 star review for $16 in toilet paper 

House flipping generally involves rehab, whereas speculating is just straight buy and resell.What is different now is the down payment requirements for buying second, third, fourth homes.

Not worth the risk of finding out what's really wrong after I own it.

What are the potential risks when a person decides to buy a tax deed property ?

Maybe less competition with a little more work involved.

My question is: If a home is purchased at the foreclosure auction; when does risk of loss pass.  

I just got an email from the husband mentioning his work schedule was changed and he wondered if it would be ok that just his wife did the walk-through.Not to be so conservative, but in today's litigious society, I feel a bit at risk with only myself and the female spouse doing the walk-through without the husband present.I'm sure I'm not the only one to face this dilemma.What is your experience BP?

Most banks will not use rental income from an executed lease involving a family member...but again, that is only if you are refinancing.Feel free to ask more questions if you need.