I just finished Dream Big which is more about the mentality of good managers but it has a lot of great rational behind it.

Timing the market indeed doesn’t work but you don’t have to do it if you know what you do.I’m amazed to see that many real estate investors will buy real estate rationally but can’t seem to be able to look at stocks the same way.To simplify, when looking at the property, you look at the price and you then determine the value.

The more money you lose, the longer it takes you to get to a profit because it means more losses you have to recover first...and, you have less (and less, and less...) money to get there.Ego and Rationalization are the two most expensive words in the REI's dictionary...so NEVER use them. 

That is just an excuse that a lot our society uses to rationalize their decisions to spend more money and buy nicer things they don't actually need.  

Finding myself one month ahead on my mortgage had become good mental headspace when it came to managing the anxieties of rentals and reliably took a considerable amount of solid fear off the table whether that fear was rational and justified or not.

I am not saying the sky is falling, I am just saying I think flood risk is not currently rationally priced by the market.

On the equal protection issue, unless  you fall into a "protected class," equal protection doctrine only requires that a law have some rational basis.   

I have doors in Memphis and Detroit and I only target properties with a rent to price ration of 1% or better.

I don't think any rational human being is expecting smart decisions to come from the Minneapolis government.

Let rates come down, it's actually going to cause a supply rationalization.