ONLY TWO THINGS CAN CREATE INCOME: MAN AT WORK OR ASSETS AT WORK

Point #2 is quite good: 

You get to work with wonderful people.  Now think about this for a minute.  Many businesses have to deal with every single person that comes through the door, McDonald's, for example.  In our business, that's not true.  Yes, we have to comply with federal, state, and local housing laws and that's not a problem because you're just looking for folks who are going to be good stewards of the asset and do what they say they're going to do.  It has nothing to do with their race, religion, marital status, sexual preference or any of those things, and clearly, there's no reason not to comply.  You just want to find folks who are honest and that they'll do what they tell you they'll do.  

Point #3 is good too:

Tenants will pay for your investments.  I just don't know of any other situation where someone else will buy you an asset and you end up with it, and it will pay you for the rest of your life.  Think about this for a second.  If you can figure out how to tie up a piece of property, where the tenants pay for, and you may have to pay a down payment, I'm not saying nothing down.  Because I think that nothing down many times means nothing left.  You get wiped out.  But if you just do nothing other than, as Peter Fortunato would say, breathe air for 25 or 30 years, once you've got your property set up so that your tenants can fund the debt service and pay the expenses it takes to maintain the property, that's just tremendous.  If you just will not use your properties as an ATM machine and just have the deferred gratification to wait, you'll really be in good shape when you get ready to retire and you don't choose to do anything else or can't do anything else because of health. 

So either your rents are increasing or your property value is increasing.

I thought this point here was one of his best:  

ONLY TWO THINGS CAN CREATE INCOME: MAN AT WORK OR ASSETS AT WORK

There are only two things that can create income.  One is man at work, and the other is having assets at work.  And by having your assets at work, you're real estate at work it can buy you time and money to do other things.  And if you have that time, you can really think about what it is that is important to you in life and how you can lead a life of significance.  

This was good too.  David Tilney should be listened to by anyone investing in property.