The automatic millionaire homeowner

[Jason Schmidt]

I got this book for fathers day and have been really enjoying it. The problem is this - it sounds as though it will be of no help from a cashflow standpoint until the rental properties i purchase are paid off 30 years from now. Is this true?

If I buy, say, 5 houses at 100k each, what do people generally receive? All of the monthly payment and then a few extra hundred a month? No one would be able to live off of that, right? I am a tad confused ... Please help!