I would look into setting up a trust so the legacy goes beyond your mom and you, check options to convert the 401K into another instrument if that is still possible, look at something other than a mortgage and let me maybe show you a strategy called 3CX that would allow you to develop a constantly growing portfolio using a combination of reinvestment of cashflow and using line of credit financingI'll send you a connection request so we can setup a phone call if you are interested.

I'm planning to buy 2 more in the next 5 years.Stocks investments - I will invest in financial instruments through a fiduciary.What do I need?

Reading his advice to myself and others has been instrumental. 

These seem to filter out a lot of the unsuitable candidates.

They can be good prospects, but I agree that the language barrier might end up making them unsuitable for you as the landlord.

I am guessing the people you're talking about borrowed on an ARM or a balloon loan, both of which I consider to be tricky debt instruments to use and generally I wouldn't use something like that unless I have checked and verified my exit strategy a hundred times.For me the biggest concern in a crash was vacancy.

Our economies, financial instruments, accounting, market manipulation, crony capitalism, derivates, currency printing and delinking from gold standard leave our economy extremely complicated and fragile compared to 1929 when things were not as complicated.

In a country where 60% of people dont have $1000 in cash it is blatantly obvious that most people are unsuited to try. 

And not a beginner strategy by any means.Being a lender myself and pretty familiar with most states debt instruments..

Electrical Engineer working as an automation/instrumentation engineer in oil and gas.