., we got your back.We all hate being taken advantage of, but as the old painful saying goes, "what doesn't kill you/us will only make you/us stronger".Your American BP Family & Peer,Big "Bad" HenryPS: Forgive the "run-on" statement but I was in the moment. 

-You definitely need savings for reserves no matter what - if you spend everything you have to put 20% down you might get stronger cash flow, but you will have exhausted any reserves you have for vacancy, repairs, capex, etc.

If they don't.... well if you read any of my other things on PM I speak of my philosophy of management called an "Iron Fist in a Velvet Glove", the soft approach doesn't work, than it's all Iron Fist, and I mean that in the most tyrannical ruler means possible, the only measure I have stronger than that is when I call up the lawyer which we refer to as "The Hand of God" because thats the level of destruction she can bring down. 

Moving forward, I am working on building a stronger network of people who are real estate investors/pursuing FI.Self-Education: This one is huge for me.

Today, I’m Wiser, Stronger, and Better from it.

Your experience is better, you lived through some situations that have made you stronger.  

-I've learned that every hardship or challenge makes me stronger.

I think MI has done a wonderful job identifying that and moving up to assets that perform over time because of starting price points.. your just in better areas better schools stronger tenants etc. 

There you tend to have a great tenant base and stronger rents and more chance for equity upside over time.If the property location itself is a C,D,F location even if the property is in decent shape generally long term not much value there.

Remember the name of everyone I meet the first time.Connections are important and remembering names right away is a great first step to building stronger connections.Hope everyone has a happy and prosperous 2020!