A stress-free life is the best life.Why have 100 properties when you can live the lifestyle you want with less houses that are paid off.A paid-off house also is one less obligation that you have, no monthly mortgage payment that you have to worry about.

First off, congrats on the soon-to-be dad's life—huge milestone right there!

Blame it on a life lesson, keep it moving.

The government is trying to protect people who managed to run their life well enough to buy multi-million dollar homes?

It makes their life easier if all of the owners get a FincenID because then they are not constantly updating for expired driver licenses.  

I It's good that you found a strategy that works for you, and definitely certain demographics and types of people in their life.

According to Tom Cruz hereafter referred to as DB, I wasted 31 years of my life training to become an ortho surgeon but the DB doesn't understand some people enjoy their jobs and are passionate about helping other people. 

With some of my clients, I've seen discounts of 30% to 90%.Here is a real-life example: I invested in a $50K note; it was second TD but with significant equity (over $200K) protecting my investment.

I'm not a huge fan of constant buying and selling - it's just too much damned work at this point in life - but for sure I would jettison anything that wasn't making an acceptable profit, and if you have any RE you should know this number. 

They are rules of thumb we use to function day to day because the FACTS are too needlessly complicated to use to make every decision in life.