Then at dinner, they tell their friends, “wow, I just got a lousy offer at 20% below ask on that house that’s sat for 6 months!”

About to eat dinner!!

Take us out for a nice steak dinner when you become rich in the next 6 months ;)Your progress might be slower from a RE angle but not from an overall wealth angle.

This is like allowing your dog to eat off the table at dinner it teaches the dog that it’s okay to do bad behaviors in the future .

I have more people inviting me to lunch and dinners than I know what to do with.

Smaller ticket items, think water heaters, toilets, vanities, shower fans, light bulbs, switches, river rock, vent covers etc etc.I also spent all hours outside of my W2 working on some aspect of the project from Jul 1 to Aug 15 (spent my birthday dinner sanding floors).

I would only pay the mortgage off with excess cash flow that was not needed for the running of the asset.. if your making a few hundred a month positive whats that going to do for you mine as well pay it down so you don't just spend the money on dinner closes starbucks etc. 

Dinner? 

No cost to attend, come grab some dinner & drinks and talk real estate with other local investors.

I am not a CPA, but it also opens up a litany of tax advantages because you can now drive certain of your activities through the LLC as expenses-- mileage and gas, networking lunch/dinner/happy hour, repair costs, the list goes on.