But at the core of it all, you are looking for the best return for the amount of risk that you are willing to tolerate.

I'm relatively young and new to REI--meaning I have a longer timeline and will generally have a higher risk tolerance.

As I read all your comments about tenants tearing things up I wonder why you all tolerate this behavior from tenants?  

Your personal risk tolerance and goals are just that, personal.

It's much better to stay on the Nash Side and it depends on your risk tolerance. 

I also have a higher risk tolerance than he does when it comes to investments.  

But each person has their own level of risk tolerance.  

Know what neighborhoods your rehabbers and landlords are buying in and start working with them to get an idea of there acquisition price, rehab budget, desired rate of return and tolerance of risk.

Stress management, empathy, optimism, courage, tolerance for ambiguity, humility, mindfulness.

You need to be more specific.It depends on your goal, if the differential in rates is large and savings is high versus fees, what you expect rates to do, your risk tolerance, and your investment strategy.