I would agree with this philosophy, although only from a spectator's vantage point.

move in/move out condition report. signed by both you and tenant. it should explain what condition everything is in when lease begins. if something is new, state it. if something is broken, state it. also, take more photos and video than you think is necessary. if tenant disputes a security deposit deduction, you need proof of original condition. my philosophy is "if its not in writing, it didn't happen." if you have no proof of condition upon move in, you cannot charge tenant for it.

@Steve MightSteve, Here are some stats for you.14% of the brokers make between $100k - $149k10% of the brokers make between $150k - $249k5% of the brokers make between $250k - $499k1% of the brokers make between $500k+9% of the real estate agents make between $100k - $149k7% of the real estate agents make between $150k - $249k2% of the real estate agents make between $250k - $499kless than 1% of the real estate agents make between $500k+My philosophy is that whatever career you choose whether it be a financial advisor, lawyer, doctor, medical sales, make sure you are passionate about that career and you are determined to be among the top 10% within that business/industry.

His philosophy is that I'm cutting corners and not doing it right.

What guides you in your philosophy and rules about your pet limits/policy? 

In addition to the tactical and analytical aspects of achieving this number, there is a lot of philosophy behind it ... below are a few of my current thoughts on the subject (none of which I came up with and some may disagree on):Wealth is measured in time, not dollars.

This post looks at a somewhat newer investment philosophy/methodology, one that a lot of investors (and homeowners) are contemplating or embracing as housing prices and scarcity push some buyers out of the higher-priced city markets.

I appreciate you sharing your philosophy, I would like to learn more about the Dallas area market and the type of deals you are seeing.

I do like your simple is better philosophy.

I personally abide by the philosophy that you should incentivize people to do what you want them to, rather than punishing them for doing something you don't want them to do.