That is cool that it gets put out collectively like that to drive up a healthy budget.

That said in both cases there was a healthy population of people who saw it coming both times.

Vacation rentals are probably one of the areas where it would be nice to have a healthy cap rate because you need the buffer for fluctuations in the market on top of the fact that they are typically in secondary housing markets and those are what we see have some of the largest swings in appreciation and depreciation.

The first 2yrs were my mistake/learning years :)And, As you know...Putting all your Cash into Every Asset, (10+ homes/month), isn't the Healthies/Safest Investment.We have a LOC, although it takes time to grow a relationship with that bank and increasing the amount.Also, the Restriction with that is just in one market.

In case anyone else gets confused like I did.http://www.spokesman.com/stories/2014/oct/05/tom-kelly-end-of-homepath-signals-healthy-housing/

It is best to choose "healthy" HOAs - especially for newer investors. 

Get to avoid major headaches of C-D-F while still being able to generate a healthy return.

1st rule of investing; don't lose money, rule# 2; see rule #1 Warren buffetIt is healthy to be cautious, especially in such a cyclical industry and especially after 10 years of artificially low interest rates.I blame all my fails on not being aware of where we are in the cycle, and acting accordingly

A healthy W2 and a good team in Indy will allow you to keep investing in a market you already know.

I lived through 4 downturns now and to me its all about no debt on property and cash.. and then value add make your 30 to 200k per sale and do a bunch of them .. pay your tax's and try to stay healthy..