I lived in Germany for a while and appreciate the strong social safety net and lengthy vacation times. 

Maybe we didn't get the full picture here but I'd suggest you have a bit of a safety net.

You have to be able to strike quickly if an opportunity presents itself, yet sit tight and keep waiting patiently until it does.

@Dennis KingThe people who do best in a downturn are the few people patient and careful enough to hold onto some capital.

Your best safety net is too buy right, keep your leverage at a safe margin, and try to ride out any  market downfalls  by lowering rents, offering incentives when you do have vacancy's, and trying to manage through the tough times. 

Usually to pull equity out. 3) personally I view the quicker pay down (25 yr amortization) as a sort of safety net if there's a market downturn.

I was a bit confused about the safety of such locks.

They have pretty much everything and if you're willing to be patient/do some hunting, I've always been able to find the things I need that are in great shape (most look practically brand new once refinished/refurbished/etc) at crazy low prices.

However, the Arizona Medical Marijuana Act of 2010 (“AMMA”) allows terminally or seriously ill patients to use limited amounts of marijuana through their Doctor’s recommendation.

Being leveraged at 96.5% gives you NO safety margin if the economy goes against you, and your loan gets called in (unless you HAVE found that elusive bargain to begin with). 4.