Read, study, learn from the mistakes of others, then, if you have the bankroll and the stomach for it, then do it.

Other than sports, real estate is the first thing that gives me that excited/nervous feeling in my stomach when I think about all the possibilities (Self-proclaimed sports addict).

It depends on the thickness of your skin and your stomach.

I just came across this post and I have a sick feeling in the pit of my stomach for you guys. 

If you can stomach the negative cash flow on an investment property it's ok to buy one and hope and pray it will double in few years.

And a good performing individual stock would beat a good performing rental by several orders of magnitude, but of course the individual stock comes with a higher risk of losing money and requires a strong stomach to handle volatility.

But if you have the stomach for it, there are deals to be had.

What was your first deal done and do you still have that same feeling in your stomach while working?!

Will also probably had some great deals before the market heated up and if he paid 750k in tax now it would be much harder to get to that 1.5 again from the 750k than it was before.I don't know why you couldn't as mentioned get a big apartment complex and 1031 into that where it has 60% occupancy and turn around and improve the value substantially and then refi out later when holding.The refi is considered a loan when you pull the money out so no tax.Not a tax expert or 1031 expert but I just couldn't stomach giving that kind of money to a government that that can't even spend 1 dollar correctly.

(For me, anything more than light rehab, I don’t have the stomach/experience for yet.)