BUDGET - Just like diet & exercise.

At first you will probably be regulated by the state where you reside, but each state has its own investment adviser registration regime.  

And that's not to say that I don't believe you, but it is to say that the scenario you're citing is A) particularly to residential real estate, and B) mostly enabled by the expansionary monetary regime we've been under for a half century. 

From my point of view, as an investor that prefers lower leverage and not needing to have 1000 properties, it has been nice to hear that compared to what used to be a steady diet of keep BRRRRing and never stop.

For me, I have more energy and am happier when I work out and eat a somewhat healthy diet (and it definitely recuces stress).

It is kind of like a diet but once you start losing the weight and start seeing results, you start to really buy in.

The people are way more healthy than we are (probably a diet thing and exercise thing) with old people running across the streets and riding motos! 

Many people look for THE BEST "diet," and when they don't see results after a week or two or three, they become Internet junkies and switch from the low-fat diet to the low-carb diet, to paleo, to ketogenic, to vegan... and ultimately get frustrated and give up.

You know the horitzontal property regimes.. and one went to an out of area investor looking to rent rooms.. what i learned if you dont have your rooms committed to by middle Aug.. there is a very big over supply of rentals at least there was last year at this time.. and there is a huge amount of new student housing being built.. in my mind rentals could be over built in charleston at this time. 

. :)PS great job on your health regime I started mine last june and am happy camper.