I’m not a fan of the ultra cheap houses, I usually go for the $100k ARV types that are in areas with higher quality tenants.

I'm in the infancy of my career so i'm taking ultra baby steps and am in no rush to buy but I would really love to build some relationships at very least and if everything pans then who know what could happen.Whether you have business or just advice please don't hesitate to hit me up guys.Thanks-Mike

I understand this is a loaded question and will vary based on asset class but think in terms of how you would position a portfolio and what you would expect if it were your sole source of income (and you were not ultra-wealthy).  

From what I have seen/heard/read here on BP and elsewhere, the ability to get a mortgage after you already have 4 is like trying to run an ultra marathon -- possible, but not likely for most people.

If you want to warm up a living room the tenants can get a great area rug designer on sale for cheap like 99 dollars and throw it down.Make sure with the tiles they are not the slippery kind with no grit to them.Those kinds can get wet and make people slip and fall.Much better to spend about 6 cents more a sq ft and get the cheap kind but they have the grip coating and not the ultra smooth slippery surface.

However, it doesn't quite stack up against the private housing prices where values would have increased 4 folds since.Our market is primarily a capital gain one (Ultra low 2-3% Cap rates here, not too far off Vancouver or Toronto I say but still lower) and a few years back before the restrictions came out, it was increasing very quickly at rates of 8-10% a year.

We had to wait for a client on a Dollar General for an extra week for loan approval by credit just because they were ultra cautious.

Scott:  I should have expected @Brandon Turner would have chosen to display the back of the shirt above.For your next item, might I suggest a light-weight, water resistant, wind-shirt (pull-over w/ 1/3 zip or a full zip), which folds-up in it's own "Bigger Pocket" for storage and hangs off your pack/belt/whatever, when you are not wearing it.I promise I'll use it when I running an ultra out your way ...

Dave Ramsey is a smart man, much smarter than I, but I think everyone would agree that he is ultra conservative, especially when it comes to real estate investing.

My risk tolerance is higher than most (currently ultra high and wanting to move it to 'high')