@Mike DymskiYou are absolutely right, Mike, in regards that the quote about IRR Investors was meant as a effect so that there is an understanding that the two are different and implies different Markets and Investment needs.The following is for the readers (not Mike Deymski only).I will say that there is another reason why those that do have the ability to Invest using IRR valuations  (in other words, they don't REALLY need the cashflow but would like to have it) DO NOT simply because they have not spent the time (and I would say it may take months to years) to truly understand the Calculation and how it works.It's the most comprehensive calculation you can have and requires you to do a pro-forma 10 year projection.The problem I find with a lot of BPer's is that they easily dismiss IRR because it's either too complicated and sophisticated that the newbie will need to spend time to learn it before jumping into Real Estate Investing.My personal opinion is that if you truly love Real Estate Investing and are truly motivated, you will eat, sleep and dream about Real Estate.

All that matters is the relationships you have with the loan traders and their perceived ability that you'll close on time.

This limitation can affect your ability to claim itemized deductions for property taxes on a vacation home.New limits on home-mortgage interest deductions: The TCJA also places new limits on the amount of home mortgage debt for which you can claim itemized qualified residence interest expense deductions.

There’s the ability to have nothing, and, create something.

This allows you the ability to see what works and what doesn't.I own a property management firm based just outside of Nashville, TN.

If the tenant does not have the ability to pay, he needs to move out and seek government help if needed or move to another affordable rental.

Don't take on too much risk as a newer investor, you don't know what you don't know just  yet.Having the ability to do skilled labor for free can be a massive advantage. 

Especially if I want to close on a deal, I feel I dont have the time or ability to walk through a whole plan and pricing with a construction consultant to give me accurate numbers simply from an mls posting how does a beginner like me know:if the contractor is doing a good job?

The ceiling to housing prices is affordability, which ought to be common sense, but somehow people don't think that one through, and conclude markets have the ability to increase perpetually.When the crash happened, sure prices pretty much dropped across the board.

It gives you the ability to pick the best of the applicants because more applicants may qualify.