We do NOT have the same crazy system on mortgage-backed securities we had in 08/09, or to be more accurate the Jenga stack of gambles is not built in a way as it was. 

I have recently finished reading 'The book on Rental Property Investing"by Brandon Turner and I absolutely loved it; that lead me to the BP podcast and now I have joined the BP forum,with that being said I am extremely excited & motivated about this new path I have chosen.

Many times those are the folks looking for a quick fix - aka gamble for a long shot.  

@Dan Heuschele Great post and I love that you gave examples of you buying at the top of the market and being okI think it's funny that people will put money in the stock market based off historical returns, but think that expecting cities with high appreciation to continue appreciating is gambling

In many cases these investors put almost all or a considerable part of their net worth buying these type of properties and that can be in many cases nothing more than gambling.

I find a properly chosen tenant never leaves.

The main rule was that you ALREADY HAD TO HAVE CHOSEN AND MOVED INTO a place,  because they wouldn't risk you not getting one of the places shown.  

This year we included some goals/plans for our primary residence (turn basement into apartment, rebuild decks, design and build front porch), some personal goals (establish and maintain a healthy eating plan, go to the gym at least twice per week, read and discuss 6 books, one book is to be chosen by our partner), and business goals (find an accountant, analyze present loans and refinance if it makes sense, add 20 doors to our portfolio).

Account ClosedI like your chosen strategy, I think it's a solid one!...

Last thing you want is someone with a gambling problem that bets your operating account on black.Have regular conversations.