Leave your wallet at home when you go to the 3 days seminar if you're not discipline enough.

The fact is, if the repairs are going to be more then $13,000 (which a consensus here says it will be), I have to stick with the disciplined exit strategy and walk away from it.

It's the discipline needed to actually do it some people lack.

You have to have the discipline to get your house in order financially before real estate investing will work for you.

We also have a little higher turn around rate (a double edged sword) but we believe this allows us to better keep pace with the market, minimizes potential for damage, and demands that we be efficient in our management (a good discipline for the future).Any more thoughts?

I lost 40 pounds in less than year by making very simple but disciplined change.

If you have the discipline just set aside that extra cash every month yourself and then you can buy any house you want.Just a thought!

The other big issue is discipline.

It's not to say that accidents never occurred, but when they do, our dogs never repeat them because we (read: I) put the fear of God in our dogs to never do it again (and no, discipline does not require beating our dogs...just a strong yell).

If you want to leave your properties as slums, your expense ratios will be much higher due to so many revolving tenants.However, taking money off the top for cash-out deals is a good thing and works, if you maintain a discipline.