This strategy isn't for everyone, but they're in my Roth 401K, so I never pay short term capital gains, long term capital gains, health care surcharges, UBIT or income tax ever!

I think that will be one of the things that will "scare" me when dealing with older properties…not knowing the home's history besides when and how much it sold for.

Seeing that first property scares the HELL out of me.. lol.

Flipping house still scare me.

Two things to evaluate are the health of your balance sheet (net worth and net worth growth) and your cash flow (current and projected).A good rule of thumb on paying of debt is to prioritize the debt based upon interest rate.

Labor is cheap - your health is expensive and pulling 24 hour shifts will ruin even a very strong person's health.

I'm sure many of you can remember how scared you were with your first deal.

Ozone machines are horrible for you and can cause health issues.http://www.epa.gov/iaq/pubs/ozonegen.htmlGet a fogger and use a water based air cleaner and an air purifier.

I haven't been here for a while due to health injuries.

A dash is one thing, Indian foods too much for me.That's why my lease included producing offensive or dangerous odors that caused reasonable complaints or health concerns. :)