and the term "investing" doesn't necessarily mean investing money...it's TIME that really makes or breaks the quality of the investor/businessman.if you spend your time wisely and improve your investment savvy (broad term here), you thus decrease your risks...then investing out of state may not be that "risky".

forget about saving money.if you have money - try not to use it.loli know that sounds funny, but any type of investment plan involves having some security (a stable income), comfort (some savings and portfolio investments) and risk (investing with intent for higher returns)."

Convince myself to let go of the hard-earned cash (love to see it in the bank) and take a risk that could turn into a nice future (or not - darn it!)

Now strong appreciation being in the neighborhood of 15-20%+ (something that is rare in Texas).With the type of risk one takes with rental property, if you aren't making good money on it, why do it?

Ideally, I would like to have an LLC for each property I purchase so as not to put an property at risk due to the others.Thanks again!

In fact, one of the major treatments for a heart attack is to give blood thinners -- something you can't give to someone who is at risk for massive bleeding.

I guess I have scarcity mentality.2) Is there a formula for assessing how much risk is smart, not in terms of comfort level but balancing the numbers, such as: how much credit card debt you have and years to retirement.

The risk is way to high for cutting you out of the deal.

we countered with a bit lower price because of perceived risk - and they declined our offer completely.

Or run the risk of a HUD plant posing as a tenant.