Otherwise, it might not be there if you want it.The real risk of being highly leveraged is that your empire can collapse.  

I got out and found out that the economy had collapsed, my house was underwater, my "employed" salary was barely enough to pay my mortgage, student loans, and taxes....leaving me less than $40K a year to live on, while working 80-100hrs a week in one of the most litigious specialties out there.  

well...because I did my homework prior to the AGM, I then added that "since this HOA-directed rental restriction was imposed the average selling price has collapsed nearly 25% in under a year.  

With all the freeze and thaw cycles from our harsh Midwest winters the clay pipe has broken apart and collapsed.  

Anchoring sills to foundation, securing your hot water heater, and securing any crib walls with plywood to prevent their collapse.  

I remember when the market collapsed in 2008, for awhile Charlotte, NC did not have as much volatility as other markets in terms of drop in property value...wonder how that market is now.

Then it began to change at some point years in, to a no worries approach, and even a firm acceptance and confidence that I had a very strong product and, barring an local economic collapse, I will have far more qualified applicants than units every time...Plus, I now look forward to getting in to survey and improve units, hardening them, and a chance to do the painting, deep cleaning, and into all the nooks and crannies, and wear points, with no people, pets, permission.

He fears we are in a bubble and it could collapse at any time.

I almost collapsed, I did not think about that!

The contractors and the PMs and everyone involved are all under one entity (essentially) so if one doesn't perform, the whole thing could collapse.