No one arguing for rent control, rent stabilization, or "just cause" nonsense understands basic economic concepts, and holds beliefs that are fundamentally opposed to the principles of liberty and freedom, upon which the US was founded.It would be great if we could just laugh along with them at the joke, but their efforts and scare tactics are still getting implemented and causing long-term harm.  

@Diana Jing @Edward Dawson @Mila R.Thank you all for the kind words and feedback. 

I even took some of the concepts discussed in the book and applied it to how I manage my personal finances as well, incredibly helpful read!

And while travel is going to be expensive for any property, if you only have one in a market, the concept is the same with less rent: that $2,000 flight/hotel/rental car food for a one night visit, ties up a lot more of your gross when that gross is much lower. 

@Sarita Scherpereel I am in total agreement with you on this concept of neighborhoods. 

This probably provides an adequate level of protection for Freddie.It’s a concept that is hard to swallow.

@Beth Anderson always work backwards to determine a purchase price.ARV minus profit/equity minus Rehab+10-20% minus carrying costs = purchase offerThis is a simplified example, but demonstrates the concept.

There isn't a shortage of deluxe homes, and if there is, a buyer with funds enough to afford one can build his own.I do have a problem with the concept of operating a vacation rental in a neighborhood zoned as residential, even if the law says you can do it.

And for the record, banks handling HELOCs differently in different places doesn’t disprove the concept.

Definitely easier said that done but I'm talking concepts.5.