I had Rich Dad Poor Dad in my possession for nearly 2 months (Courtesy of my older brother.

Like most BP members, I read "Rich Dad, Poor Dad" which got me excited about REI and joined this forum.

All of them came from poor families.The rest of my time is spent on reading books and I go through about 2 per week.  

That is a serious negative cash flow investment property.If you can finance the property to the maximum amount and achieve positive cash flow plus invest the cash in other properties it will be worth holding otherwise you should sell immediately and reinvest elsewhere.As a investor you need to understand that leaving cash dead and buried in a income property is a poor business decision.

Along that vein, let them read Rich Dad Poor Dad.

Someone has to initiate it.Perhaps a definition of what a Conservator is will help.Legal Basis: According to the Probate Code, a conservator may be appointed for a person who is unable to provide properly for his or her personal needs for physical health, food, clothing or shelter or for persons substantially unable to manage their financial resources or resist fraud or undue influence.Purpose: To protect and arrange care for the conservatee, to protect their rights and manage their financial resources.There is a "conservatee" that is the beneficiary of the estate, and the County Conservator has the duty to act on their behalf.

We looked at so many properties, and the central motif is poor craftsmanship and corner-cutting.

As bad as the publicly traded SFR REITS have been beat up by Wall Street since their IPOs for poor execution of their models and failure to make it into the black at their quarterly reports, I don't think anyone is going to make the argument that they are less competent than subprime borrowers.Absent some massive scale fraud or global collapse of the US or worldwide economy (and again, we did both of these things with subprime, so its not entirely out of the question), I think that the securitization of rental cash flows will provide more liquidity to a market that could certainly use it, and have a net positive effect on the economy.

It is a poor way of doing it but it is still done .

This also means that they are unproven tenants and could end up being a poorly screened, leaving you to deal with the problems of getting them out if they stop paying.The seller may also not be accounting for all of the expenses such as they self manage and do repairs themselves.