And then as you stock-pile cash, you can buy more leveraged. 3) You want $10k per month in salary reserves? 

Any tips on making sense of this market other than ride it out, stock pile cash and wait for these people to fail when the market corrects?

If you don't have time to put into investing in RE, then you shouldn't be doing it directly.If you have a stockpile of cash, you might want to find a local investor and see if they'd be interested in partnering on some deals with you.In my experience, the seminars are an approach for the "guru" to get access to cheap/easy cash with very little if anything promised in return.

That sounds really aggressive even with some stockpiled materials (which you should still assign value to).

I have been stockpiling quarters from my coin operated laundry.

After I got out of a couple of 10's of 1000s of dollars of debt (college and living on credit cards) I lived in a cash only Ramsey Mode for the better part of a decade, then I decided to try and use my cash stockpile to purchase real estate investments. 

Start stockpiling cash in the cayman islands.

Or stockpile your cash and wait for Blackstone to dump their properties.Meet @Phillip Dwyer and talk strategy with him.  

Wait and watch and stockpile some cash.

I also feel like not being active means that you won't pick up the tools to be able to know when to get into a falling market when you have been sitting on the sidelines.BRRRR is a sweet strategy, but if you have a stockpile of cash, there are other ways to deploy at least part of it while you continue to search for deals.