I would also avoid low and no HOA communities, HOA's are there for a reason and help preserve as much property value.

I've known lots of investors who owned lots of stuff, but weren't able to dig their nails in and hang on and lost it all.So, maybe a good retort to these inquisitive minds might be "The number of properties one owns isn't as important as the cash flow one receives, but talking about one's income isn't polite so I only discuss it with my wife/husband/cpa/bookkeeper/cat/dog."

I firmly believe that everyone can gain traction by budgeting and making the money they have work harder for them.That said I think J Scott nailed it when examining potential.

I think you hit the nail on the head.

One more nail in the coffin of my excuses.Upward and onward!

@Travis Biziorek hit the nail right on the head.

It's both catastrophic insurance and a long-term asset preservation strategy.  

If you get your 26k back maybe you should put it towards buying one of his houses in Indiana, get yourself scammed, and put the final nail in the coffin for your case!

@JD Martin nailed it.

I have found that preserving the rationale behind a procedure can be useful, for example when outsourcing some or all of it, experiencing turnover on one’s team, or to avoid re-hashing decisions that were made in the past but never written down.