This can be as simple as, when you go out with some friends for a beer, they "joke" that you should pick up the tab, but actually expect you to.But if you maintain the same standard of living, same principles, then nothing changes, except a bigger real estate portfolio.

Reinvest income, make improvements, raise rents, add some value and pay down principle so down the road you have a very strong property. 

The principles on REI should also apply in the Philippines.

@Jason Hatfield I get more excited about business principles each semester.

I think I know the answer to this question but would like to confirm.Can the BRRRR principle be used without the rehab, but buying in a down market and refinancing as the market / house value goes up?

@Karen W.The same principle applies in that you might have earned income based on your active involvement in creating the income.

I want to walk away solely based on principle but even at about 450k mortgage would be $2350 or so putting us at $1050 for mortgage which is great for Denver.

"The Art of War" by Sun Tzu is also great, get one with historical commentary as it has some great examples and anecdotes of the principles in action.This may seem like a weird recommendation, but "The Dispossessed" is also great and will change your worldview on compassion and empathy.

DSCR stands for debt service coverage ratio. to calculate it you take the lower of the two lease agreement or rental survey from the appraisal.Divide it by Principle interest taxes and insurance. 

Then $100k at 5% would only be a $540 payment and $120 of that goes towards principle day 1.