Class C or not.If you have the cash available to swing the bat and are clever enough and have the experience to make it work, a shark food deal can improve your lifestyle.But what is shark food to one person could be biting off more than he chew to another--without a war chest of touchable/spendable cash.Which is what I mean when I say cash is king.just my 2 cents. 

My $.02Yup I would save this card for when you actually need it.. no one should be in trouble if they simply miss 2 rent checks,  If an investor is in trouble and cant make payments because of one or two missed rent checks then I think they need to take a bigger look at how they are running their reserve accounts or if they are biting off more than they can chew and slow down on new buys until they get the reserves stacked up to a proper level.   

The tenants dogs never had their paws wiped off from getting walked, carpet is ruined, and baseboards were chewed up.

Background and Current SituationI currently own a home in Clovis, CA with $472k owed on a $487k mortgage. My total payment is $3500 (including escrow); it could rent for around $2700. The property is in a prime locati...

They spend 11 minutes listening to conversations about text messages, "he said", "The place looked worse when I moved in", "My dog didn't mean to chew up the molding", "The neighbor called me fat", "That carpet was nasty", "My mom was sick so I couldn't pay because her dog needed attention", "He said the grass was soft".

At first I thought he was going to give me a good butt chewing, but it turns out that he is ready to retire from investing and was looking to sell off some of his properties, eight in all, so he and his wife can spend the rest of their days without the hassle of having tenants.

I have had experience with my clients doing BRRRR and, especially out of state, is much more than they can chew.

(full disclosure-I knew the guy, or know him, he's not dead just gone from the auctions and haven't talked to him in a few years, but he was always nice to me and I don't have a clue as to the validity of the federal charges against him, but he always treated me decently and I've got nothing bad to say about him and I know other landlords who've been demonized and slurred as slumlords when I think they simply bit off more than they can chew, while other real slumlords seem to operate for years, as long as they don't get too big) He used to kind of dominate those auctions and maybe that was a good thing, as I'm sure there's a whole cast of characters who've filed that void.Thing is, ANY property under $100k, maybe even under $150k or $200k will certainly have multiple bidders, there are a LOT of people like me when I'm looking, who have the subscription to the sheriff's sales info reports from the Daily Reporter ($600/year and you get the results emailed to you in an Excel spreadsheet on Tues, next weeks auctions emailed on Thurs) and another good indicator is I'm on an email list for one of the firms (actually out of Chicago) which handles a tiny, tiny fraction of the cases and I've looked at the "cc list" or whatever you'd call it if ALL the addresses that email is sent to and there are HUNDREDS of them on there and this is for I think Johnson Blumberg, who many weeks don't even have any cases in MKE or Waukesha Cty.

I know there are more rules and paperwork, and not that I'm not willing to learn the ropes, but I have a feeling it might be a bit too much to chew off for our first deal.Thoughts?

Before you know it, everyone's biting off more than they can chew and...