This may include an out-if-chain document.2) Claim of Right - this is the 'squatter's rights' method of obtaining title to real estate, originally intended to put fallow agricultural fields to productive use.Both forms of acquisition should be considered the "tools of last resort" and require a minimum of five elements, including the payment of property taxes as well as trespassing.Back to vacant lot:Last weekend a friend invited me to visit her project - a house that she's building on Newport Beach, CA's pricey Lido Isle.

You can background check all you want, but once you add the human element, there are so many variables.  

I have learned over years and years the percentages of a buyer being able to actually close on something based on various factors.For example if you have all these elements against the borrower and on top of that they are doing a small deal of 1 million etc. in commercial it's not worth the time.Lots of people learn, a few put in offers, even fewer buy, and even fewer buy SUCCESSFULLY where they will make money during ownership and disposition.

This allows their businesses to scale, but can trim out some of the human element.

You have to consider real estate as part of your portfolio, it will add an element of diversification to the stocks and bonds while at the same time has unique taxation situation that you could take advantage of.

His personal narrative is simply amazing as well his handle on the entrepreneur elements of real estate.  

Aloha,It's a little late now, but the BEST way to come up with the money is to set up a separate savings (or reserve) account and put money into it every month so that when the time comes for work that you KNOW will need to be done, you just write a check.Every property has the same basic elements (roof, exterior surfaces, sewer and supply piping, etc), and each element has an "expected" life (google "construction useful life").

Some element of tax planning, in addition to filing returns, would be great but not looking to spend $35k on that!

Maybe because the modules are stick built, but that happens in a factory, out of the elements and to much better tolerances than can be achieved by hand, on-site.

If you excahnge  "No Luck affecting things either way" for "Bad Luck", you still make a profit because of the other elements in the formula.