The ones I stay away are fat talkative ones.

TenantAlert gave our best tenant a big fat red circle, recommending not to rent to them.

My point is, I love the title of the book because I didn't give a F*** at the time of purchasing.

Theoretically, they will get a nice fat check when all is said and done.So what you're dealing with when you look at a property in a flood zone is a lot of uncertainty.

There are many other things to consider when doing a HELOC vs cash out refi as you will not be getting a fat check deposited into your account tax free. 

There's no fat to trim.  

Your problem is that you live in CA so you're going to get a big fat bill from the FTB each year, so it depends on your income and risk tolerance as to what makes sense for you.

You're thinking far further steps ahead and weathering the volatility to reap likely more a fat-tails esque reward which likely does happen at the turn of the next inflation wave(not this secondary one coming up).From 08-16 you could do the former, from 17 fwd it's best to the do the latter.

Especially since I was working with a lot of developers in Miami who wanted fat spreadsheets of 5 condo buildings in a market (each one could have 500+ units!).

Once I hit my target rental number, I'll pay off all the mortgages and get fat.