You should be very very happy when the recession coming.For you guys that always look at the mirror, when the recession is formally recognized, historically we have the following stats :- stock market melting up- Fed is lowering rate 400 BPS !!

I get it .. but I also know how tough this business is and 97% of the people simply are not going to buy their way to success.. just like 90% of the newbies that post on BP will do exactly NOTHING in real estate we all get fired up.. but there is only so much of it to go around.. its FAR harder than it looks and it does either take some real good innate skills or lacking that some good liquidity so you can buy into the market.. thats why the Vanilla rental house game is so huge right now.. anyone who can fog a mirror can understand.. buy a rental put a tenant in it.. collect rent... past that when your talking about these more complicated transactions pretty tough to have no experience and just pay a few bucks and your going to be knocking down 250k profits.. its no different than the wholesaler guru who pitches making 20 to 40k a month .. can U yes how many do maybe 1% who try... or the guru who teachs flipping and making 50k per flip one a month... again how many can do that not many... one they don't think it through.. if your going to do 50k flips and one a month and you have 6 to 9 month cycle you need to buy 6 to 9 projects before you turn one.. how many starting out can do that.it would be more realistic to say hey start with one in 6 months then do 2 and maybe in five years your doing 10 to 15 a year.and or it really depends on markets... but gurus talk like all markets are interchangeable and they simply are not.

You'll miss a lot of living if you're always looking in the rear view mirror. 

Kind of like working out for what feels like forever, with "no progress", and then one day you look in the mirror and see that ab starting to poke out and reveal itself!

Two, a key about asking questions is to ask a mirror question.

But it is a wealth-producing asset, even if it only mirrors the general rate of inflation. 

That's like the "Zombie Loans" where if you "put a mirror up to his nose and it fogs up" give him a Mortgage! 

BATHROOM 1:  (1) White 48" Vanity with matching mirror, New hardware for shower, sink etc. 

Well it just about broke her and she ended up living there for about 4 or 5 years and self managing.. but she rescued what was for sure going to be a flame out.. and as soon as she could she sold and came back to PDX bought a 18 unit and condo in Maui and put OKC in the rear view mirror..

I switched over since year 2002, and saw  constant improvements on it over time.For accounting and taxes, I had my chart of accounts and Income statements mirror the Schedule E, so there would be no need to map items to tax software.