Wear clothes with the tag on it and return it.I rode my dangerous 50cc moped in the Seattle rain so I would not have to pay $4 per galleon in 2010.Use an app like GasBuddy to find the cheapest gasoline station, better yet, double stack your Costco credit card (4% cash back on gasoline) and buy Costco gas.Cash flow, cash flow, cash flow.

If you buy stuff in very dangerous areas, where you'll never make any appreciation via a tax lien or auction, there is a chance to make 30% gross returns, you'll net after taxes, repairs, insurance, vacancy, maybe 14-15%.  

Do not invest in any city on Neighborhood Scouts' list of the 100 most dangerous US cities.Low or no state income taxes There are many websites with comparative information.

There's tons of remodeling and rehab work in Seattle, but be careful... it can be strenuous, dangerous work, and a lot of remodel hazards (like lead paint and asbestos) have a larger impact the younger you are.

That's worth something.I completely understand that turning over 30x your original purchase price after holding something that cash flowed for decades is a dream for many of us, but losing sight that you have to be able to operate these properties as a business on a day-to-day basis can put you in a dangerous spot.

Places for $125k in Chicago are in areas that just aren’t worth the trouble, especially for flipping; too much danger of over-improving and not enough upside for the hassle in any event.

There are things that I know just enough to be dangerous.

Tenant shall not keep on the Premises any item of a dangerous, flammable, or explosive character that might unreasonably increase the danger of fire or explosion on the Premises or that might be considered hazardous or extra hazardous by any responsible insurance company.20.

As I consider myself knowledgable enough to be dangerous, I'd actually like to buy a smaller multifamily of 5-20 units in a solid yet affordable (not coastal) market. 

Bottom line is the explosive growth of the last several years is not sustainable indefinitely.