About the only thing any investor needs to know is that AFTER You close...everything else that CAN go wrong(in the rest of Your life) WILL!.

Obviously, the best properties are going to be ones that generate positive cash flow from day one, that cost you no money down, were grossly undervalued in the market, and which you found while nobody else was looking...But, while you quickly reach limits if you're experiencing negative cash flows in property, it may still be a very good idea to buy a property even if it's got negative cash flow.I may be in the minority here, but...I've got other sources of cash which are positive cash flows and here's only so much you can do to reduce that taxable basis.

It is so tough to cover everything else, that you never think that in an instant, an emergency can wipe you out.

I'm afraid I'll mess up.

No one else seems interested, seems like a good opportunity.

And with the ever increasing number of mortgage products, by signing someone up for a 125% IO, they have automatically created a return customer when that person comes back for a way out of the mess.

Got a family to raise cant affofd much else.

Let me know if there is anything else I can try to help with.

Gotta love Google:http://www.iowalandlord.org/For anyone else looking for a local group, try googling for "REIA <your city>"

Or maybe someone else can come up with another solution to this problem?