Better Area's (A/B Neighborhoods - Premium Price): North Tacoma, University Place, Dupont, Fircrest and Parts of Puyallup, Lakewood, Steilacoom, Northeast/South Tacoma.Great rental area's (All over, to include C neighborhoods) We are getting an influx of renters from King county down here, not to mention the military base down here provides a steady stream potential renters.There are some D neighborhoods in Pierce county that you can find some great deals in, just have to have the stomach for some of the headaches that go along with those area's.There have been more than a few Multi-family residences that fit the 1% rule out there for sell.

That first investment deal is like standing at the edge of a mountain to take that first plunge over the side with your heart racing and your stomach tied in knots. 

For a primary offer the Seller needs to be under $400k but most Sellers can't stomach such a quick drop in paper value.

It's not as simple as requesting a line of credit that I can use if/when a good deal comes my way.3) Higher rates / Shorter term loans - another thing that worries me is that I might only get a 7 year fixed at 5.5% in today's marketSo in the end, I guess I just need to do more due diligence on how find a deal with a strong enough cap rate that will help me to stomach the transaction cost of this type of re-fi ($50k?)

I could stomach this IF it were somehow legal. 

I feel less exposed to the markets now because my principle is getting paid down so aggressively, a 10% swing is easy to stomach since I'm easily getting more than 10% of equity in less than 6 months (depending on the size of my paychecks which fluctuates).2.

It genuinely makes me sick to my stomach to have to tell a new client that their previous preparer's advice to put all their rental property in an S-Corp was a bad idea, because now we need to amend their personal returns to treat the income as passive because S-Corp income doesn't automagically become nonpassive (honestly, why do those concepts always go together?).

You are right when you say that you have to be a risk taker and have the stomach for it. 

Nobody knows how a decade of malinvestment will resolve itself, but history tells us that we can expect a certain amount of liquidation in the affected sectors.In 2008, very few really knew how the sub-prime crises would affect asset backed securities, which would eventually implode banks and punch the economy in the stomach. 

Honestly, don't have the motivation to cook every night so this strategy is perfect for me.Random Tips:Go to the grocery store on a full stomach and with a plan.