Sets the right expectations/mindset needed going forward - basically, there is nothing easy, no shortcuts and a strategic plan is essential to your success.I read the book after reading a lot of blogs, BP and a couple of other books (Millionaire Real Estate Investor) so I didn't find it particularly useful.

You know you are in a real estate puddle when you can buy a property and earn 15% when using the 50% rule.During a real estate puddle, it is easy to find properties that beat the 2% rule.A real estate puddle, as opposed to permanent flooding, is represented by a competitive local market, where there is a stable population. ie.

It's easy to get caught up in something that sounds too good to be true.

I must have poor intuition for this sort of thing, because it doesn't make sense to me why apartments would be seen as "normal" living spaces and mobile homes are often seen as trashy.

Updating the various parts as they wear is very easy to do, & the Generic Laser toner cartridges are very reasonable.However, the photo print quality on my older units is marginal.

That sounds like a really easy solution!

Finding the lot rents are easy enough, but how do I find what the unit itself would rent for?

Its easy to slow down when income needs have been met now I am focused on building a war chest for my 7 year old boy that he may attend any school in the nation he chooses when he turns 17.

As they say, " If it were easy..."

If just one, you're a transactional broker, not a leasing agent, and you can't advise on either side, you simply facilitate the deal, brokers have ethical issues with this in putting someone in an installment contract and not being able to advise and additional liability.If someone puts a chunck down for an option and they can't get financing, say at the end of 2 years due to problems that should have been avoided, the broker becomes an easy target as well as the agent.I like options, the key to doing them successfully is knowing how to get the buyer financed at the end, not just putting them in a house, the deal is not done until title changes hands.