He goes on to say "If you want to be a rich private citizen, you need to be as poor and penniless as possible on paper.  

Think beyond the inevitable correction that is coming.A penniless person thinks of today.A millionaire thinks of the years to come.A billionaire thinks of the decades to come.This isn't the market for flipping; agree with @Ryland Taniguchi on that, although there are development opportunities here and more in Tacoma.  

The residence is a "product," in your understanding of the thing, and tossing these people out of the place they call home is "naturally" a good idea.Can you and @Austin Fruechting just maybe try for half a second to imagine that a man who was born in a stable, lived in a tiny village for most of his life learning a simple trade, wandered jobless all over the land with his followers living on the charity of others, and died penniless on a cross to be buried at the expense of a friend perhaps, just perhaps, did not particularly care about crushing it in multifamilies?

Really, what can you do to a penniless wholesaler via civil suit?

In my example of troop population being reduced, today’s great numbers may be tomorrows (almost that quickly) disaster leaving the investor with a vacancy, overhead, and penniless.

The IRS (collection arm of the empire's financial branch) apparently likes to 'target' those who 'go against the grain' of their master's servitudinal debt enslavement paradigm, so I'm not surprised that many of these guys end up 'defamed,' imprisoned and penniless, or worse!