Many doctors will not talk to the patient at all until the patient takes the time to let a nurse run vitals, and fill out a zillion forms, you can do the same in your mortgage practice if you wish to structure it that way.At all four points above the advantage is slightly in the hands of the borrowers, but as long as the same rules apply to first-time homebuyers as to experienced REI, with lenders being the more experienced and seasoned party in all cases anyways, I think that's overall pretty fair.

In my opinion, the most important point that Scott makes about building financial runway is that by living frugally and saving so aggressively within such a short time frame, you develop the mindset and habits required to accumulate wealth AND mitigate risk. 

I started putting my focus on finance books and podcasts and started to develop much better spending habits.

Turn your momentum into positive habits.

His hands-on experience starting his own portfolio has been vital as we team up to educate local investors looking to do the same.I continue to struggle with time management but have made huge strides this year to focus my time on the things that are most important and outsource the rest.

Veteran is just time but they have bad habits/ same habits as anybody else.

Two words- vacancy and maintenance is a huge part of buy/hold strategy -and property management is a vital part of that strategy.My take home message is this.  

You’ll need a business license (and pay taxes) to get a rental suitability license, which basically says the house is habitable, has smoke detectors, etc. in certain cases they can/do inspect, but it’s not common from what I understand.

A good RE Attorney and CPA team will be vital to your success. 

Regarding SEPTA, there are plans to extend the Norristown High Speed line into KoP in the next 5-10 years.http://www.philly.com/philly/blogs/in-transit/3702...There are also planned improvements to the capacity in Conshy;http://6abc.com/traffic/penndot-septa-plan-to-redu...There have been some back of the napkin ideas about extending rail service out to Phoenixville, but nothing concrete yet.Outside of SEPTA - other improvements include the on-going widening of 202 out to West Chester, and the $45 million Lafayette St extension project in Norristown which will connect Norristown to 276 in an attempt to re-vitalize the town.