What would you tell the 22 Year old version of yourself...

[Mike Lee]

I have a family member scheduled to graduate college this December, and he has his heart set on buying a rental property out of state (he lives in NY, looking at single family under 100k in OH) in 2021. His mother works as a loan officer at a large bank and has taught him the ins and outs of personal finance and saving, so thankfully he will graduate with less than $14K in student loan debt and one credit card he puts his entertainment purchases on.

His goal is to buy one property per year every year from 22-30, and "graduate" at 30 to larger projects as the first eight units begin to cashflow. His job out of college (he has accepted an full time offer in an NYC asset management firm) will bankroll much of his endeavors.

What advice would you share with someone at this age with this plan?