You'll likely end up having to forgive all late fees or end up trying to rationalize how giving a break to a white guy was part of a marketing campaign that, what, the single mom wasn't eligible for?  

I just moved from the Bay Area to Sacramento in order to cut my living expenses in half - so I like to think I haven't completely been inactive (maybe I'm rationalizing this!)

When I get into it, I'm thinking a ration or 60loan/40 equity would be a good cushion to have cash flow but also protect your self in case of deflation.

In fact, that description of selling the truck is actually what's called "rationalizing."

Once you've taken a few, your debt ration is through the roof and you can no longer borrow money.

You can only guess what rehab cost might be based on current price and discount; that if the current price was made rationally.

I don't know the rationality behind it, and I do it to her as well all the time, though I have been mindful of it and trying to improve.

If it's the latter, well, you can't really rationalize that.

Tax advantages are one of the few rationalizations left for buying at today's low cap rates. 

If you offer $510k for a home and ask for a $10k seller credit, a rational seller advised by their agent will simply view it as "really" a $500k offer.