Personal goals: Spend quality time with 14 year old daughter, exercise regularly, continue to personalize and enjoy the beautiful home we bought this year, spend time at vacation home (when we are not renting it out!)

Well, living rent free in one of my Investment Properties eliminated that expense.Living in NYC and getting older, you realize that exercise is an important thing.

Maybe no longer at 40% and 30% below market value - for the exercise choose a number that you can accept as an achievable discount and do the numbers for the following alternative to Buy and Hold. 

As a thought exercise, start with the presumption that you're probably wrong about everything: the reasons you think this deal is worth buying, the underwriting behind your reasoning, your ideas about how you will add value and operate the property. 

Obviously, I run census data, get some reliable numbers for socio-economic data.Then it becomes more of an art:How many people are riding bikes, exercising, etcDo running, cycling, fitness groups pass through on routesHow many people walk their animalsDo I see obvious illegal activity spots.

Tip: use the BP calculator to see what your property could do, I performed this exercise with a property I currently own and determined to keep after analyzing for rental with proper investing(already have the equity in them to do this).I am fairly new, but think positive cash flow even if very low is still cash flow, but Jim K has some solid advice.

My last few days with my job are this week, and it seems like my boss decided to exercise their power a little bit.

A car is just a necessity of life if you don't live in the city... so I minimize that expense.I live in the San Francisco Bay Area, so mostly I'm taking the subway into the city or riding my bike for exercise.  

Also adding exercise into your regiment does wonders.Tim Ferris also does a great job on his podcast asking the majority of his guests their morning routine.

The prison authorities says he prays, exercises, and reads motivational books daily.