Dion touched on it above; opening your mouth simply shows that 1. you had knowledge of an area of possible concern, 2. you are seen as bringing up the matter in the form of a disclosure as a tool for a defense to related claim, 3. you will most likely be seen as having greater knowledge of the matter than the party receiving the disclosure, otherwise why would it need to be disclosed if it were thought to be common knowledge, 4. whatever it is that you disclose, paints a picture of you, your approach to doing business and your degree of knowledge as well as your lack thereof.If I were to give someone a disclosure that I was going to shoot them, using Dion's example, there is no way I could use self defense as my defense in doing so.

One suggestion -- buy some tools to break down the demo debris a little better.

I luckily found many useful tools (Smart Move) and knowledge on BP.

And it's not like it's a safety issue either.

Tim Gordon Thanks everyone and I know it's a process, I am still in the stage of "I want it now".Understanding that it's a must to have a job for those unexpected expenses and safety net, would you suggest getting a job that is related to real estate?

It's a neat tool, but not very accurate in our area.

What tools do you recommend besides the typical excel spreadsheet?

We like the safety of knowing our borrowers well, ensuring they know us, and having a first position trust deed against collateral that we have personally seen and vetted.

Great tool.

Here are a few of mine in order of priority:Price-to-rent Ratio - 1% + ($1,000 rent for a $100,000 house or better)Crime/Safety - no violent crimeSchools - high rated schoolsAppreciation Rates - San Antonio is a relatively low appreciation area, but I am trying to find the best I can.What are some of yours?