[jmsremax]

Erick, there are many people who live by this rule and have been very successful and I know others who lost everything. Some were using ARMs others weren't. There are so many variables that can play out and cause a snow ball effect (i.e. landlord or tenant(s) losing their job and can't pay their obligation). Unfortunately both investors and home owners were getting themselves into ARMs because lenders were basically giving them away at the time.

I just get tense when I hear people talk about low down payment, higher interest rates mortgages....it just causes flashbacks to 2008.