Or incompetent.Or, as is often the case, relocated and someone living in the subject property but not paying the taxes (or rent) while fat, dumb and happy.Your most valuable skill will be skip tracing; finding people who have a record ownership interest.

Probably the biggest things for me have been getting extremely comfortable with wood construction and it's limits, exposure to HUD financing, and really just how to trim the fat during design in order to keep costs down and avoid going through VE later.

Every year i have to write a fat tax check, its because i have an even fatter bank account. 

But.... when you have a fat paid off rental portfolio, you can do better in paper securities (cap gain tax effects not included) because a really good ROE on paid off RE is only 7%. 

Some people, like Mike Burry in the Big Short, have been investing in almond farms as an indirect investment into water and real estate.

When you land a fat one you’ll be crushing it.

If my underwriters do not see pricing, they leave 10-20% of fat on the quote.

I also was not happy about paying out 10% of my income to CA income tax so CA could transfer that wealth to the highest paid Gov employees in the U.S. and their fat cat 6 figure pensions.

Apologies -- I'm definitely one to fat finger stuff on my phone too.

Prefer no paperwork too, just hand me a big bag of cash and I'll leave you a fat return in my Will.