But, a reasonable amount of leverage I'm comfortable with, AS LONG AS there is positive cash flow with enough of a cushion for you to be confident you can cover vacancies, capital expenses and surprises.That said, there are plenty of tremendously smart and successful investors (including many on this forum) who hate leverage and are happy to turn down the additional returns in order to keep risk to a minimum. 

Actually, on that FB group, there is help on there specifically for Wells Fargo, as well as a letter from NACHA itself (the governing body of ACH transfers) that the tenant can take with the first time they go to any bank, this has helped people tremendously.

There are tremendous benefits in the new tax code, but can be very challenging if you're not working with a pro.Was curious to hear some "horror stories" out there.  

When sellers are selling a property, typically elderly or properties in a trust that have multiple siblings, I find there is a tremendous amount of mental pressure on the seller(s) to move the property.  

Crowdfunding has finally been approved for the crowd, not just the select few "accredited" investors.For my real estate rehabber and flipper friends, this is a new outlet for funding your deals which also gets you tremendous marketing visibility for your project.

I offered for 40 with an escalation, but the other offer came in at 4:50 and they took it.

Since they don't allow escalation clauses, it becomes very important to get the magic number and at the same time not over pay.I looked at the one Mountlake Terrace (same situation).Situations like these are very challenging for a flipper.Personally, I like deals that are priced too high to begin with, and over time, the price falls into an acceptable range.

Also New York city's tax base increased tremendously..

It's very close to downtown and there is tremendous growth happening right now which is attributing to the growth in all the neighborhoods around it. 

@Markus MarchGoing forward, I would put a rent escalator clause in the contract.