All 6 processes awful, exhausting and expensive.Reason 2 - smokers attract shade while they are smoking outside, especially in apt bldgs.

As long as you have that return cushion and steady rentals (college students rent in recessions), you should be able to withstand a market drop.4.

The gauntlet was already in place for longer than most mom and pop investors could withstand, by her own admission.

If you do not already have an Umbrella policy (provides additional Liability coverage if a covered claim exhausts the limits of your Home, Auto, Dwelling/fire, ... policies) you may want to consider adding it. 

=D  I am sure you are exhausted at this stage but it gets more and more amazing as time goes on!

Having exhausted all resources negotiating my loan I lost my house to foreclosure and had to move back in with my dad. 

If you have the money and the wherewithal to withstand financially supporting all your properties for a year or more in the event the market turns, then go ahead and buy with minimal safety margin. 

@Mindy Jensen -  We could survive 2 months without ANY rent by using cash.  5 months if I had to exhaust all credit. 

However, other players or just the game itself can "attack" you and if you can't withstand the "attack", then you can lose your engine that you have worked so hard to build.In the Real Estate Investing World:Engine = Cash flowing rentals that allow you to generate capital and equityVictory Points = Cash that can be used however you wishAttack = Any expenses, whether seen or unforeseenIt's a bit of an oversimplification, but it helps me understand how I should function.

Your the most exhausting blowhard Chris.