. , @Judah Hoover, I like your philosophies!

Different people have different philosophies and only time will tell if they were right. 

(Selection of the property, acquisition cost, condition, location, owner expectations, owner philosophy, local tenant pool,etc)Different PMs have different styles.

Think about your strengths, risk tolerance, management philosophy, cashflow goals, etc. 

The same philosophy applies to real estate.

@Kevin Hays this is a great philosophy to have. 

My general philosophy is that if you have to stretch to the point where it's uncomfortable financially, then you're risking more than just a profit or return, and in that case you would probably be better off selling and making a different investment.

michael, i think the old school philosophy for success was to work your butt off, day in and day out, as often as possible.

So, I filed for bankruptcy just to avoid paying this scumbag attorney and now I was out $1,050,000 plus a lot of other expenses like I was the Lead Plaintiff for the case and I used my own money to fly to Chicago and get a hotel room for a deposition because one of the K-mart shopping centers was in Chicago and one was in Florida.I can write you horror stories all day about bad syndicators and I know some who are top of their game, but I learned my lesson and changed my business model and philosophy as such:Never allow someone else to control your money, or always have full control of your money. 

I try to live by the philosophy that if you don't ask for it then you'll never get it.