How to Make Fast Money in Real Estate

The first property we did, we took our personal residence and I was a scaredy cat. There's no danger if you don't violate the rule of number one, I bought below value. And the cash flows too. Number two, I can afford to make that payment even if that renter disappears and I have no money. We had more than six months of mortgage payments saved before we felt comfortable because we wanted to be able to write out if something bad happens and we cannot rent it.