A) It's not exactly what he said orB) It's BSThe big guys 25+ years are still all quite fat and happy with a ton of debt and units.I'm not doubting Dave at all, since about 80% of people mis-handle debt and a cash-only budget is what they need.However, if you understand the power of using OPM money (ie you borrow o$1 at x% and get a return on it >>x%) it is a major tool in growth.Now if you're 60 and unwinding, I understand. 

It would be cheaper for you to pay for a fat life insurance policy for them.I don't know your rental market, but if the normal market there is such that you can't get a unit rented for 6 months to a year, it's time to sell it and at a loss if necessary.

Lot of my friends did it and it killed their Saturdays for a while but they're fat now on that cashflow!

I can't quite live as fat on that but it would still buy me several hundred acres, a very nice, house several expensive cars, and enough long term rentals and franchises so that I would never have to worry about running out of money while I travel the world. 

I have a protein shake for breakfast, chicken salad (with low fat mayo and mustard) for lunch, and whatever my wife cooks for dinner.

.. that’s what I thought ,now shut your fat yap . not sure whats up with your attitude towards me.... 

Go flip 10 of these great equity properties, make half a mill, and go throw that at 2m+ worth of high yielding rental property that doesn't come with a fat project associated. 

It's like the concept of "fat FIRE" which I'm trying to follow as well.

Even if you are holding the cash on the sidelines while you look for a deal, you still are better having access to the cash instead of having a fat balance sheet.

I'd love to see an extremely lean government without all the "fat".