Originally posted by wheelhouse:At some point you have enough capital where it no longer makes sense to keep putting into the same business because you will get diminishing returns.Very well said, Justin (the whole post)...My belief is that for many investors looking to build long-term wealth, their core business is NOT flipping houses, but instead buy-and-hold investments.

Kevin, Somehow you are equating my belief that higher earners should be in higher tax brackets to a belief that I want to pay more than what I owe in taxes.

Their belief is that you can use FHA again for your primary home if your job transfers you away from your first home type of thing.

Try not to let your beliefs get in the way.

My belief is that since size of income is not a protected class, I am allowed to select (discriminate) based on this information.

Aside from the financial reality that a PM will consume over 1/3 of your cash flow (~15% all in with all fees included of GROSS rents, which is likely >30% of NET),  managing a bad PM is MORE work than managing a good tenant yourself ... a vast majority of PMs are bad (PMs and newbies will argue otherwise, but this has been my experience) ... if you buy quality properties in quality locations (see Sales part in OP) and then screen your tenants, then most tenants are good.I would also hope that this post would dispel the common false belief that REI, at least as far as owning individual properties, is or even should be a passive investment ... it is not, it is starting and running a business just like any other.

Those that believe San Diego is at the top of the market are stating a belief that does not match the studies on pricing that I have read.  

Overall, its about beliefs.  

Frustrating beyond belief.

Certainly this is the common belief.