You need to make sure that you are buying at a high enough cap rate that you have some fat in the deal to tide you over if vacancy rises.  

:Starting in 2011 when DH went on sabbatical from his horrible day job, I started to read this forum, fat wallet's property forum, the MMM real estate forum and I even bought a couple of property investing books. 

So your a slumlord to their standards that they know nothing about.Eventually, you will be fat, bald (joking on both) and retired rich slumlord vacationing where you won't hear them....... but laughing as you send pics to their work email !

Makes me dream of big fat mortgages!

Lol, Travis, That day is coming soon and don't be surprised when you get that fat check for the tax deductible donation I make in your name.

Originally posted by @Gilbert Dominguez:In order for this owner to be in a position to do owner financing on a $1,000,000.00 property it means he is a fat cat with allot of experience who will take 10 to 20 new investors just like you and eat you for breakfast. 

When i quit I was making a fat paycheck running a 5 state sales territory for a large specialty manufacturing company. 

There are events and market manipulations that cause the market to lose confidence and corporations and fat cats to stop investing.The Fed raised the prime eight times in two years to dump a glacier on a red hot economy.

 =)  It's posts like this that inspire me to reach just a little beyond my comfort zone and do a BFD...big fat deal.  

That was all built by folks with a high risk tolerance that had hopes to come home with a fat wallet.