We have in excess of the 20% down payment for the loan between the two of us.

We've never done work in Ft Worth, but what we have seen is that if your permit request is in excess of a certain dollar amount, then you are required to have an ADA inspection.

The corrective action would be to sell the excess and redistribute to other stocks to maintain a diversified portfolio of stocks.I don't think it's a good transfer of that rule of thumb to say that anyone should limit their REI to 5% of their total investment portfolio. 

The idea being that you've just increased your capital and then you can transition that into another property and either do it again - raising more capital - or buy and hold with hopefully excess leftover.  

Re "to each their own": this isn't a "taste"  or "look" thing, excessive electrical stuff is wasteful and more to go wrong.

This assumes that it simply never rains excessively again.... and that there are never ANY restrictions on farmers who use 85% of our water here... and that we NEVER learn to desalinate to any useful degree. 

The downturn we just lived through in 2008 was brought about by the new financial instruments, namely mortgage backed securities, bad valuations, and excessive liquidity pumped into the market post 911.

I work in the biological sciences and my wife is in retail and with some excess money we're interested in buy and hold.

BRRR requires finding a property you can rehab and build sweat equity to the point that your refinance will generate excess cash.

@Blaire Zook San Diego is a great market for real estate, even for investing, it just can take longer to get the returns, since there is usually small excess cash flow, but good long term appreciation.