I respectfully disagree with that philosophy.

Just preparing you for the onslaught 😂(I'll also say that many agents, especially more experienced ones, will avoid FSBOs because their philosophy is "why do 100% of the work for only half the commission?"

I highly recommend starting by creating a "personal investment philosophy", where you think about what your long term goals are and what you do or don't want to do in real estate.

My philosophy is that people will always need a place to stay.

My personal philosophy is that you are spinning your wheels by being an investor and a tenant at the same time. 

I do know the Dave Ramsey work fairly well and have pretty much read all of his books (maybe one or two I missed since they become repetitive and I don't like his investing and retirement fund philosophies).

I still think there's some truth to that philosophy however I believe that the opposite is more true... 

I think his philosophy years ago made me hate debt.

My personal philosophy: don't change your policies or procedures for each Tenant or you'll lose control.It may be easy with just one renter, but as you get more rentals it becomes more difficult.

Whereas I appreciate the financial philosophy in the books, they are painted in very broad strokes, and we are looking for more brass tacks as far as how this actually works.