I had this innate drive to scale up quickly and not buy into the philosophy that I would have to start small and work my way up for years.

The philosophy of the owners (my parents) is to encourage each tenant -- often low-income or on Section 8 -- to truly create a home.

Anyway, everyone has their own philosophy on investing.  

because in think and grow rich napoleon hill talks about a philosophy for success based on observation. in outwitting the devil, he talks about his own adversities and how he actually applied that philosophy to becoming successful. it's VERY interesting. the beginning talks about some of his struggles after he wrote think and grow rich. he then overcame them. and the most interesting part of the book is his interview with the devil where he gets the devil to reveal to him how he traps people. the devil then tells him 7 principals that'll keep people from being trapped by him. it's very interesting and even though he wrote it in 1938 he promised his wife he wouldn't publish it because she thought it was too controversial.

I subscribe to ric Edelman philosophy, btw

You want to stay consistent with your investing philosophy, so I would decide on that first and the rest should follow.

I believe there's a balance...Some leverage some free and clear...Dave went BK in his early years being over leveraged in RE and lost it all...But now he has enough $$ to pay cash...his philosophy..".live like no one else, so you can live like no one else"..basically live on less than you make...No right or wrong, but works for you is best!

If you have an interest in finding out more about this philosophy, just let me know.

Our philosophy was simple, why pay a GC when I can't rely on them to deliver a flawless project.

Congratulations Arnie, that is a very nice looking building.Regarding rents, my philosophy is to always charge a competitive market rent at first.