If the first interaction with a prospective tenant is them saying they don’t have money for security deposit you can be sure they won’t have money to pay rent pretty soon.

Be sure to interact on the forums.

I will say that it is important to watch the interaction between pet and owner when you meet them, as this will give you insights into whether the owner has spent time properly training their pet (mostly applicable to dogs, as that is what all my rentals have currently).- Do check with your insurance company as Michele mentioned, however, as they may have some restrictions on certain breeds and you don't want to find out you are not covered if something occurs. - Refundable pet deposit.

The long term cost of a bigger home will be extraordinary.

I, like yourself, and using this as another diversification towards long term financial stability, and have a buy & hold mindset, with a near term goal to do some wholesaling, to fully understand the markets and to interact with some people to get a better deal on a buy & hold propert(y|ies).

The common threads of doing well financially are doing your homework (school), understanding the math (school),  interacting with others (school), work ethic, and being creative.  

I am open to suggestions about emerging markets, resources to find deals and sources for financing (I am pretty certain that I will run out of $$$ at some point).Looking forward to interacting with you all and learning lots.

Looking is free, and looking at properties and interacting with the business can help you start your learning process.Remember, applied knowledge is power.

I still play ball and will as long as I can physically do it at a high level.As for your post, while I believe we are at or close to the peak, I fail to find the extraordinary factors that will result in "the crash".

I put on my dirty painting clothes when I interact with the tenants.