The most important lesson will be when to "swing" and when not to, to continue the baseball analogy.

Some great business cards are AMEX Plum (used as a trade credit line that offers 1.5% cash back on all purchases if paid off within 10 business days).  

Your situation and choices will be different than theirs most likely and you'll be trading a more actively managed investment style and the work implicit to this style for a better quality of living during the accumulation phase and less flexibility during "retirement" or financial independence.  

I noticed SD having big swings in the housing boom

If cap rates were 9 cap 3 years ago for multifamily and stuff is trading at a 6 cap  today maybe a deal is a 7 but a 9 is just dreaming.I hope you find the holy grail that gets you going I really do.

Remember that 4 vs 5 is a big swing, because it changes the financing class and insurance.Budget 10% as a general rule for management, but 5% will cover you if you're talking about larger properties (50+).Ignore all numbers provided on listings - they're entirely fabricated.

Some of the high caps are in areas that also experience high value swings when housing gets challenged.  

Most properties will trade hands in under a 5 year span.

FICOs below 620 have maximum DTI of 43% regardless of AUS approve/acceptMinimum of 2 trade lines are required No more than $1,000 in disputed collectionsMust be all on time payments in the past 12 months of mortgage historyNo more than $2,000 in collections ........

Happy with the trade?