Kinda felt bad for the seller (~10k repairs in total), then again an electrical box burning the house down since it was from the 70s with a recall for such, we were quite shocked the seller didn't care in selling discussions taking the mortgage company backing out to make the repairs happen.

If you overpaid,  AND have to put in 10-20k  of repairs above and beyond that, you can get burned. 

They'll hit you with fat fees on the front/back end, jack your rate up, and take advantage of borrowers who were either too stupid or too impatient to save up for a reasonable down payment themselves - and they want to be paid for taking the risk on (essentially - subprime) borrowers like this. 

While properties are often less-expensive in other area the rents are also significantly lower and the cost to clean, paint and purchase materials and items at Home Depot and other store is the same in every area and every state with the exception of Alaska where everything is 20% to 30% higher.There are two old saying I heard many times, "don't spread yourself too thin" and "don't try to burn the candle at both ends". 

Even though this may not be written in your lease agreement this is the set of rules you burn into your brain and you don't deviate from your own rules.

The group noticed that “as demand for more space and outdoor amenities remains, detached rentals, in particular, are experiencing accelerated growth with a 7.9% year-over-year increase in April, compared to growth of 2.2% annually for attached rentals.”A more recent report from the National Association of Realtors explained that average American home prices in June 2021 reached $363,300 — a 23.4% increase over the average of $294,400 in June 2020.As CNN Business writer Hanna Ziady summarized, rapidly rising rent and property values are drawing Wall Street investment banks to the housing market:According to John Burns Real Estate Consulting, in the first three months of this year, nearly a quarter of all homes sold in the United States were going to investors.

What we do is we go and we break the burn rate down so we go and we say okay you got 30 days in a month um what's that 2000 divided by 7 or divided by 4.3 which would give you your month and that's going to give you your weekly burn rate and then we go into a daily burn rate.

It works best with owners that want out of real estate, either through retiring or burn out.

They said a couple walls burned as well as the ceiling.

As soon as I found out about the two theft I considered them 'Water Under The Bridge' and always figure that if I changed my CPA to a new one I would get burned many times more because he may be super ignorant and cause me all sorts of problems.While on the subject about Living Trust Trustees what I was always scared about is something that happens all the time and what your family is supposed to inherit can be totally wiped out by a crooked Trustee.