On rental purchases as long as it cash flows I'm fine with riding out some dips.

Instead of worrying about the 'what if', I'm focusing on conservative cashflowing #s so I can ride out any storm.

He wasn't too happy because he's been put on the A ride, so didn't get to out on the fires this time.

Investing is not just about knowing how to ride the wave, it's also about knowing how to survive the wave that's about to crash upon your head. 

We get more wind and hail than you might see in other markets.

I have one girl that has yet to pay this month, won't call back and keeps making excuses- How long should I let it ride before demanding she leave?

I've since changed that as I am in an area of frequent hail activity and based on the fluctuations of hot and cold weather that the farmers almanac has predicted for this spring and into summer (and they tend to be eerily right), I'm anticipating some hail storms this year and am not in the mood to pay for the inevitable reroofs myself.

But I do know even after the recent roller-coaster ride, it's still worth over $100k more than I paid for it.

The one unit currently rented is rented by a student who rides a bike to and from class. 

If you stick with properties that can be held as rentals if there is a downturn you should be able to ride out any downturns.4.