Better to be a little conservative and moderately successful than a little aggressive and a miserable failure.By ensuring 6 months cash reserves, you do slow down the process of acquirng many properties when starting out, but you will be less likely to fail, and in the end you should be better off (more wealthy) and have a lot less stress to show for it.

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The risks:Earthquakes (insurance does not cover that risk)Political risk (Russia); my opinion, yes, it is a moderate risk, but even lets say Russia should invade Georgia (which I do not consider a likely scenario), would not necessarily mean that your apartments will be taken from you.I personally consider the political risk of western left wing socialism governments dictating you prices and super friendly tenant laws and increasing property taxes and taxing the "bad rich capitalist people" much higher than this risk!

Previously was a suit factory then a bowling alley that was run down and was not interested in selling alcohol (major issue for a bowling alley) finally a bingo hall, just not a bustling industry demand for bingo. 

This is a moderate amount due to rent control but she spoke of it as a major imposition.

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It's the cities that border Detroit that you can buy: (General Numbers, can provide PDF reports and example properties for specifics)- B-,C+, C, C-,  Neighborhoods- 3 Bedroom 1 bath 1,000 sqft- $50k-$85K purchase- Rent $800-$1200- Very Light, Light, or moderate rehabs- ROI (12%-18%)- $200-$400 cash flow per door. 

See how horribly (zzzzz) they explain below:Warning SignsYour partner’s spending habits or debt directly inhibit your ability to save money for your agreed up goalsToo much credit card debtThey have lost hopeThey are resigned to working to normal retirement age and just do a job that they have tricked themself that they enjoy :/Tips to have this difficult conversationsBuy an expensive dinner or bottle of wine and do what you need to do to have an interventionTravel offsite, make it special and unprecedentedBring a moderator or another like minded couple (your network is your net worth)Have then talk to another person who gets it (we are products of the 5 people we hang out with most)Remove them from bad influences (podcasts, books, magazines, tv shows, people, family, etc)Keep your conversations positive by reiterating some wins while reinforcing where things are goingDon’t start out with We need to talk” or “There’s something I’ve been meaning to discuss with you.”Focus first on shared goals and then discuss how you can achieve those goals together, reconfirm these goalsDon’t point out faults to your financial shortcomingsUse “we” or “us” not “youRe-confirm your common goals – values you both share and what you hope to accomplish togetherWhat are your hopes and dreams?

Drive a moderate car, live in a moderate house, keep consumer spending and most importantly consumer debt to an absolute minimum.

@GS ThandiCmhc provides moderately accurate data.