Creating wealth should only be one of the components of overall healthy living and NOT the main objective. 

As the saying goes, 100% of all foreclosures are on houses with loans.The idea that someone is immune to this simply because they are a member of BiggerPockets is kind of strange.

Maintain a healthy capital reserveImagine you buy an expensive duplex in LA right now, and the market crashed 30% next year.

Then, your child is sick or something else happens and you realize that all you really needed was a healthy family, and good times with those you love, and this other stuff is marginal one way or the other. 

He looks healthy, tan, and fit - and he's dying.

Has to be a healthy mix.If it's used and already had most of the depreciation cars can be ok toys.

That being said, an LLC DOES NOT make the property immune from liability...it does however, limit/contain it to the assets within that same LLC.

Canada isn't immune to mass-shootings, but it is far less common.

Clarksville has a very healthy balance of appreciation and cash flow.4.

I leverage IRR to measure against what Gary Keller calls Safe, Healthy or Wealthy Money Goals in Millionaire Real Estate Investor.