This is what I don't like about the "no money down" philosophy.

Im not attacking you personally, but I am attacking the investing philosophy.

Real estate is so massive that every person will have their preferred method. that being said, here's my preferred method. syndications. invite as a passive investor and watch the cashflow come in. this also allows you to leverage large multifamily deals and not worry about finding the deal, finding the investors, etc. plus you can get tax write offs.I would absolutely buy a house and lake house outside the investment strategy. that goes back to a Rich Dad Poor Dad philosophy. never buy liabilities before you buy an asset to pay for it. lets pretend you cant invest in a syndication. man, I would look into house flipping now. learn and MASTER that process. create a business of it. grow it. take the cashflow from the business and buy your house, your lake house, etc. or put an extra step and invest in a syndication, lol. 

Like I really want to be a doctor, so I’m going to major in philosophy.

My philosophy has always been that of wanting 50% of a watermelon vs 100% of a grape.

This gives investors the option to stay in or be bought out by new investors coming into the open-end fund.My personal philosophy is that it’s all about accumulation of assets.

But again, this depends on your investment philosophy and goals.

Eventually they will sell and at that time we take advantage of their investment philosophy to be able to purchase their properties well below market.

I latched on to Grant Cardone and his philosophy of 32+ doors makes a lot of since to me.

Finally, a philosophy that works very well in this business is if you have a good product (renovated and well taken care of property) then you are going to attract a higher quality tenant.