If the book was written in the mid 1980s or even 1990s then that may have been close to truth for that era but those statistics would have had to be recalcuated by now.

If you're just looking to invest $25k-$50k then you'll typically be in second lien position and you're statistically more likely to get completely wiped out in that position.

I typically use about 8.3% (one month per year) -- this seems conservative, but I'd rather be conservative than get burned.Find a good PM in your area -- they should know the general statistics...

I use the Bureau of Statistics to find figures for job growth and population increase.

If you start looking into this subject you'll find plenty of lawyers promoting their services with all kinds of scary scenarios - found one claiming statistics that show 1 out of 4 persons will be sued in the next year.So, me too I'm looking for some real world examples of when you, or someone you personally know, has been sued and lost, and i don't mean lost 15k I'm talking real money, six/seven figures, the property itself, etc.

If I’m remembering correctly I believe around 4-5 percent of American households are millionaires and less then 10 percent of that is above 5M so statistically you’re up there if you’re in excess of 5 or 10M.

Census Bureau and the Dept of Labor Statistics.

Maybe even most; I don't know statistics well enough to say.

Have a $500k-$2m liability insurance policy on each property and if really worried, also put them in umbrella policy as well (I did this, I was worried)Liability is lower for “mom and pop” landlord so under 4 doors, statistically lower risk.After 4+ doors, do LLC.At 4+ doors would be hard to argue you aren’t running rental businesses and should have accounting structured as a business as well as gear up liability protection.NEXT QUESTION“Should I put every property in an LLC?”

Also get an advanced degree with some sort of statistical background as early as possible as it is an asset that will always be with you.