Retiring early with a fee rental properties/is it possible?

[Nathan Baz]

Hello,

I am currently 40 yrs old and want to retire by 45.  I have 3 homes paid off (400k, 200k, and 110k in value) and will I will buy another before I retire in 5 yrs.  I have zero bills (cars, cc, student loans etc.) other than the regular like water, electric, cable, phone, etc..  I should have around 3k a month coming in on the rentals and we will stay living in the home worth 400k for the next 10 yrs.  I will have 300k cash put aside and will have 200k in 401ks that I will be able to get when I reach the right age.  I figure if we have any issues or need money we can sell the 400k house and just move in to a smaller one while we wait on our 401ks and SS.  Any potential issues that I'm not seeing?  Thanks in advance!