I'm a Realtor with a couple properties listed in Boise, ID and a neighboring town for my investor/client that are currently rented as co-living or rent-by-the-room and getting killer income. (7.3% - 9.5% Cap rate) So far, every inquiry has been baffled by the concept of co-living or rent-by-the-room and immediately ask if they're being run as a halfway-house (which they are not).

The concept of "EARN" is gone in these hearts and minds.

To intentionally reduce the leverage more than required is a foreign concept to me especially in the San Diego market.  

This book introduced me to financial concepts and made me look at money and investing in a completely different way.

@James Wise gonna have to disagree with the "lie cheat steal" concept regarding residents.Any resident has the potential to be less than desirable.

Our tools are a reflection of our ability to rationalize...This, in turn, is where the competitive advantage is.Think about it.

And then he answers his own question, “As tall as it possibly can.”In scripture the same concept is taught with the parable of the talents.

If I had grasped this concept five years ago, my achievements today would be even greater. 

You can claim to be the best guy in the world at finding and analyzing deals, but when the market turns against you, and you just went all-in, even on the best relative opportunities that market had available at the time, there is nothing you can do to prevent losses, especially if your debt has a maturity date that will force your hand.Timing the market is an interesting concept. 

I've been a BP fan for a while, started listening to Brandon Turner and loved the podcast and the concept.