They are not a replacements for a CMA or appraisal by a local professional and I rational consumers understand that.

If you focus on the number of deals, and you run out of them, eventually you will start accepting deals of less value, then even less value, etc...until you start rationalizing negative CF. 

Cash for keys is another strategy (money well spent when you think of the time you will not be cash flowing) but care must be exercised when doing so and ego's/principles often cloud one's ability to make such a rational decision. 

His philosophy is inspiring:He has said investing in yourself is your best investmentThere is also the margin of safety principle that he follows and the Mr Market parable that shows he is to be taken advantage of(Mr Market)Your temperament must be towards emotional stability even when others may be quitting etcRather buy quality at a rational price  than just cheap

Unfortunately as others have pointed out getting people who are IN THE POCKETS of the health insurance and drug companies is not going to get US and answer.It's a pity that a country that prides itself on being THE GREATEST (sorry, maybe 30 years ago, but not anymore) that so many, pay so much for such poor results.Of course when (IIRC) 3 of the Republicans running for President can (with a straight face) raise their hand and say I DON'T BELIEVE IN EVOLUTION, it does not bode well for getting accomplishing anything requiring rational thought, scientific explanation, or common sense.For a nation that likes to constantly make fun of the French, we sure could take some lessons from them!

I will leave out cold calling, DVM and cold messaging as those methods are under heavy fire and require a lot of leads to get deals but some people are experiencing success with these avenues and realtors have been cold calling since the beginning and all the top agents prospect (cold call) daily or they have a team that does this for them.Bottom line this is a business that requires consistency, a team, leadership, systems and constant honest analysis of the data and numbers to make rational decisions. 

The chapter on Reasonable > Rational stood out to me the most, specifically home bias, ignoring the other 95% of the planet and having a broader view of money and opportunities outside of what is familiar or expected.

Too bad you can't computer generate something to kick them out Mike.It is amazing to me how people rationalize stealing when it suits them.

could someone please rationally explain the advantages of being licensed?  

He does have a passion for real estate and is an excellent teacher.From a business standpoint, I see the rationality of asking for the money.