Pretty basic philosophy.

@Benjamin Ervin I operate with a similar philosophy - find the project and the funds/fundraising will follow shortly thereafter.

If your tenant moved because of a $5 rent increase then the tenant is a basket case, not the type tenant worth keeping and you should be so lucky they moved.Contrary to my philosophy and business sense, we had a tenant with two children in one of our best apartments that could have demanded a rent increase of about $400.

I can see this becoming a huge debate on ethics and I think that would be very interesting because i love philosophy.

I was a philosophy major, and I was told "you can do anything you want"!

Just my philosophy@Karen Margrave If I interpreted your response wrong by not catching the rental part, I apologize 

I get it that those starting out need to heed @Thomas S. advice and philosophy.. but there is a balance and much of it is personal desires and what your comfortable with.. me personally its limited to no debt at least long term contingent debt.

I have a personal philosophy regarding problems and money and that is "spending money to fix a problem should never be my first step to fix the problem". 

I've only been at this for a few years now but here's my philosophy:- Only buy a rental that you'd be happy to hold for 30+ years.- Don't love your properties...They won't love you back. 

Second, the philosophy on managing your personal finances he set forth in his book is not only sound, its accessible and practical for the average person.