If you don’t have that, get your teeth cut on a base hit.

I figured out that he was comparing REI with stock market investment (he used to sell bonds) and he was just looking at it from the perspective of cash on cash gains.

In commercial transactions you can have engineer reports, compliance fees, attorney fees, syndication fees, bond fees, tax credit requirements, transfer fees, accounting fees, title insurance, funding fees, loan insurance- guarantee fees the list goes on, depends what you are doing.

Under 40 but over 30I'd invest the 750k in corporate bonds that would pay 8-10%I'd then take that income and use it purchase buy and hold properties on a yearly basis.I'd take the 250k and purchase 1mm in real estate throughout the A areas of the sw burbs of chicago60-75k income off the bonds will allow me to purchase and additional 500k-750k in real estate a year.I'd also still maintain a f/t career just not stress as much if I don't receive a well deserved promotion .If you crunch the math in 10 years 1mm would turn into a much larger sum. 

Do people keep their cash as cash in a money market fund or savings account or do people typically do a savings account plus invest in some mix of stocks and bonds so as to not lose purchasing power due to inflation?

Have you factored in impact fees, permit fees, bonding, etc?

Meanwhile the bond market is sounding every alarm it has with Treasury's fully under 150 basis points, Eurodollars futures being equally bent out of shape, P/E ratios are putting on a comedy show.So how does this proceed? 

So you can put the money into bonds, stocks, whatever and get a better return, but you also take on more risk in doing so.

They borrow money by issuing bonds to then purchase assets that produce more profits than the cost of borrowing.

Perhaps the most appalling thing about all this is that the cosigner for Howard's bail bond was the former owner of the property (apparently Howard works for him).