I had already lined up a tenant that was in need to that exact setup (was very fortunate to find this tenant) and he moved in.

One big learning lesson that I was fortunate enough to be able to take away very early on in my investing career was how crucial having reserves is and how valuable not over leveraging yourself on your pre approval value may be.Especially being an investment focused agent myself, I have always heard investors stress how important having adequate reserves is, and certainly made sure to follow their advice for my own 1st property that was given from collectively decades of investing experience.

I’ve been pretty fortunate to select quality tenants.  

In the last few years I have been fortunate to have a number of international (non-US) persons invest in real estate with me.

It is just an easy way to make a fortune and not have any accountability to your students success.

We purchased one of the advanced courses mentioned last year and fortunately our luck was we ended up with an extremely compatible coach.

While the original poster of this thread might be fortunate enough to be able to skip the preparatory steps, odds look against it.

I guess I have been fortunate with her and it could be way worse.

The guys from Fortune Builders keep calling & emailing me about those subjects since I recently attended one of their weekend conferences.  

Fortunately, he owns 8 rental properties (leveraged @ 70-80% LTV 30 yr fixed).