It's also been well established in lending that Asian borrowers tend to live on much less than us fat, must have it now type Americans, savings is generally higher, just saying, don't apply your personal expectations as to your life style on others, stay neutral and see what their life style is through general conversation.I'm not trying to push you toward accepting these folks but skimming the top with ratios and assumptions may lead to losing very good tenants.Those pets probably won't cost a hundred bucks, my two monster dogs were only a hundred bucks.Again, how long is this situation reasonably expected to exist of relying only on the royalty income?

So I had my house build so I could finally built my monster pergola.3 days after the house was finished..

Could I earn money with it now, Sure can and HUD rental prices have moved up to pay me $1,200.00 per unit as compared when I purchased it even had I been able to fix it up the rents would not have paid more than $700.00/mo. per unit.You have to learn to be fluid and not view real estate investing from such a robotic point of view.

@Michael SwanBe careful,my friend.No matter how deep your pocket is,the Midwest will screw you.It may be way more painful on the monster bigger deals actually in my opinion.If you have tens of millions into an apartment deal gone wrong in Cleveland,it hurts in 10 million more ways.Going big does not eliminate risk.It amplifies it.And a deep pocket can be wiped out by a big deal gone  wrong as easily as a newbie could get wiped out on a smaller deal gone wrong.I’m with @Jay Hinrichs 💯 %I do now understand why my favorite BP blogger (wink wink) packed up from Lima OH to relocate his investing to Arizona.

This course had monster hills at the very end back to back to back.

@William Crutcher  keep in mind woodlot and timberland are completely different values .were as I had an 11 acre monster doug fir patch that I took 700k of timber off of in the height of the market.. out your way with hard woods it could be fire wood worth 7k..

I could think of a few scenarios (perhaps a monster W2 income where you're getting completely hosed on taxes and expected it to continue for the next 10 years) where it MIGHT make mathematical sense to eliminate any cash flow, but I doubt it, even then.

If the market is hot, that means you gotta compete like a monster!

I was thinking "Would it be cool to have a mobile robot with Camera and screen on it...that is can mill around the house to inspect the work done?

Around where I live we have guys paying hundreds of thousands of dollars just to knock it down to then build a brand new monster in its place and list it for a million plus.