We cut a lot of places in favor of certain splurges elsewhere.Don't just assume "This rehab will cost $XX,XXX"... you need to do proper estimating - room by room, fixture by fixture.

That is us splurging.  

If its an "executive rental," then obviously you'll want to splurge on higher end finishes overall. 

I don't think I'm going to splurge on the iphone.

@ Jeff S - My concern for lack of access to the money, and thinking that it's a bad thing isn't based on wanting to spend or splurge it, but based on the fact that doing the self directed route and purchasing rentals with it would not give me access to the rental income, only access to it to purchase other properties/re-invest into the SD IRA.

The v6 isn't available w/ the dual exhaust bumper but I splurged and switched it out.  

Maybe once I've got 5+ properties I might start splurging a bit.

Here's a couple of recent articles that may be worth looking at:Foreign Buyers Splurge On US Homes, Drive up Prices http://wolfstreet.com/2014/07/11/how-foreign-chinese-buyers-impact-us-home-prices-and-what-the-devalued-dollar-has-to-do-with-it/Why Housing Will Crash Again–But For Different Reasons Than Last Timehttp://www.blacklistednews.com/Why_Housing_Will_Crash_Again%E2%80%93But_For_Different_Reasons_Than_Last_Time/36497/0/38/38/Y/M.htmlI'm not vouching for either article and I'm not taking a stand on the appreciation vs. cash flow issue. 

I feel like I still have so far to go that I don't want to splurge my way into never making the next step.Monique, allow me to add my voice to those who tell you that you have been scammed.  

I'm sure some on BP will give you crap for splurging, but at the same time say "Remember your why!".