The don't quit your job conundrum

[Scott Rudi]

Here's a question? Don't quit your job before you establish your real estate business is the conventional wisdom.... Well, how does that work if your original job income is greater than $150k per year? In other words - losses most regularly occur in the first months of an investment but those losses are not deductible if you meet certain income levels. Any thoughts on whether this conventional wisdom is in fact good advice for people such as have that income?