It was barely breaking even — and more importantly, he felt stuck.So, he made the hard decision: Sell the property and re-deploy the equity into a more passive and predictable strategy.Here’s the lesson: Even good investments don’t stay good forever.

I've recently been getting ceiling paints that go on pink and dry white to make it easier to see what spots were missed.

I've been successful stating the basic requirements in my ads... credit score minimums and credit deal-breakers, background/rental checks, deposit requirements, etc... this way interested parties are immediately aware of the bare minimum they'd need to meet in order to qualify.It's during an initial phone call or email where I conduct another layer of pre-screening before proceeding with scheduling a showing/inviting them to complete the application.

At a bare minimum, they should be held liable for rent, utilities, and other expenses until a new tenant takes over.

When I started talking to him about the risks of overleveraging - he claimed to me that there is no added risk to that and that if I had a foreclosure, it would barely damage my credit file, and I’d be able to continue life as normal continuing to get mortgages afterward.A little Google search showed me how that was false - the Lender could sue you, and continue to go after you, even after foreclosing on the property - if they are still owed money on the loan, after seizing your property.

He is tickled pink. 

If you are barely scraping by at 70K I would also make increasing your income a priority or reducing living costs(stop adding consumer debt). 

Not that those aren't great options just in case, but I just simply wanted to buy the house and rent it out on my own without jumping through hoops to get one while I am barely just starting and getting experience.

The biggest issue that gets people that try to jump in on the bare minimum is things never go as planned, and you have to have reserves to cover that.

WE see that it is specific to SFR transactions and thats were the most abuse by not so nice wholesalers takes place.. 5 units or more bare land  commercial is not affected.