When you open yourself up to diverse opinions, you can gain a more nuanced understanding of the market dynamics and perhaps discover strategies you hadn’t considered before.

90% fail rate, its a waste of time from what I have discovered.

Don't take a real estate or lending course from anyone that hasn't been through a real estate crash or says "I was Uber driving last week, then I discovered the secret of performing emergency tracheotomies with ball point pens...and for $10K in 3 hours at the Holidome in Memphis, you can learn too!"

I’m discovering that's the case.

No, it does not, in most cases.Read this please: https://www.biggerpockets.com/forums/51-tax-legal-issues-con...Generally speaking, if you believe that you just discovered some tax magic not already being used by every other investor, then you're likely overlooking something. :)

@Oleg DonetsYou may be right, and that may be what I'll discover myself.

For instance, I see a lot of newer investors thinking they are getting a great deal only to discover that they are bidding on an HOA lien, meaning that the property they just "bought" is still subject to a mortgage in a superior lien position.

These all require applicants to submit an acceptable Letter of Explanation addressing each specific issue and occurrence.Rental HistoryBecause a current landlord may say anything to get rid of a bad tenant out of desperation, we also require information for the previous landlord of all applicants…Analyze IncomeMany landlords require a month of paystubs from applicants and just use these to calculate a monthly qualifying income…Employment StabilityUnless an applicant has exceptional credit, we strive to determine their stability of employment…AssetsWe are one of the few management companies that requires a bank statement as part of our application process…Letter Of ExplanationAny time there are credit issues or we discover an inconsistency, we require a written letter of explanation (LOX)…UnderwritingTraditionally, landlords have only looked at the income of applicants…ApprovalOnce an applicant is approved, we require a nonrefundable Holding Fee to make sure they are serious…

There are plenty of hidden clauses (“gotchas”) even on non-recourse loans that many investors are only discovering the hard way.For loans on 5+ units, lenders typically require your (and your partners’, if applicable) net worth to be at least equal to 100% of the total loan amount, plus liquidity of 10% or more of the loan amount.

Then I discovered that through real estate, stocks, and passive income that my goals and dreams were attainable.