@Nik Smith,First Step To Real Estate InvestingEducation is critical to success and should be the very first step you take towards success.

Were you looking for a certain critical mass of people?

This is simple Assets (things you OWN) - Liabilities (things you OWE) = Equity.The Cash Flow Statement is critical, because this shows how much actual CASH went in and out of your business over a period of time.

If the item is a critical item then section 8 gives you a short time to fix it.

Although purchase price is critical to achieving success in RE, I'm a firm believer in owning the correct asset class.

More often this is done by the borrower surrendering the asset as a function of the BK plan.

If its waterfront or in critical areas add $$$ .Wells run 12k and the new nitrogen reducing septics run 20k It isnt cheap here by any stretch of the imagination .

That said, I've yet to encounter one which can function without an auxiliary heat source much below -15C (5F); our best unit might maintain a house at temperature when it -20C outside and sunny {if there is no wind}.

Knowing how to read a person is critical to success.Two separate times I had to tell a tenant they had to move out in December.

Education is critical to enduring success.