In other words, an occasional "missed payment" isn't necessarily gone forever.The second deal I invested in with them was in December, 2017. 

@Chris Bird It can make sense in so many scenarios, but always requires an awareness of all the moving parts and, occasionally, a crystal ball.

he is one of the few Texas experts that teaches occasionally and has a good support system...and it is not $40,000. 

I have listened to a lot of Dave Ramsey's stuff and also occasionally struggle with going his route of all cash vs using OPM (Other People's Money) to do further investing.

Occasionally I’ll get asked to bring more.

They often (but not always) will accept financed offers, but pre-approval with the offer is usually required.Alternatively, some of the small/local banks will occasionally sell some of their repos themselves without listing them with a Realtor.

I could probably find better commission splits for when I occasionally do some Realtor work, but I enjoy having no office fees.

For HUD-VASH (the VA run program to help vets with Section 8 vouchers), the paperwork and standard of unit is virtually identical, but with the added support of your tenant having an assigned social worker who regularly visits them at their home, and occasionally will bring in other service providers if needed. 2+ Bedroom units tend to be in much lower demand for HUDVASH though, so bear that in mind if you're purchasing an SFR. 

And the occasional fire.

I've known I want to invest in real estate for a few years and I've been saving, learning bit by bit and meeting occasionally with a couple mentors, but I just recently discovered BP and am blown away by the content and community.