Young entrepreneur, high income, testing the waters with rentals.

[Nate Graville]

Hey guys!

Any help is appreciated. A little background on me. I am 21 years old living in Scottsdale AZ (open to connect, message me). I have been a hustler my whole life which is what turns me on to real-estate. I own a series of e-commerce sites as well as a software development company, so I am personally cash-flowing about $20k-$30k/m depending on the month. I am ALL about passive income (aren't we all?), and not necessarily turned off to the idea of leverage, maybe to a fault.

I am 100% set on buying a rental property, whether that's a SFH, duplex, whatever... I am ready. I am really liking the idea of getting into multi-family homes, so am thinking of starting with a duplex. More doors, more cash-flow if I am not mistaking. Now, lets say I have hypothetically $80k to play around with in real-estate, would it be a bad idea to exercise leverage where I maybe purchase three or four cashflowing properties (within a span of a year)? From what I have researched, a recession or correction doesn't affect the price of rent hardly at all. In the span of a few years, I would love to have 8-10 doors cashflowing. Obviously, to do this, I really need to leverage my money.

I guess my question is are rental properties somewhat recession proof, or at least in a sense? The way I see it worst case scenario, you can loose a couple hundred a month from rent prices dropping (more than likely for a short period of time) on that once cashflowing property. Now, the market I have my eye on is a growing market and has very high occupancy, so I am not to worried about not being able to find tenants. However, I am thinking if I have $10k or so set aside for a worst case scenario, that will likely cover most of the losses, and I am young enough to still reap the benefits of that property for years to come. Not to mention I am taking full advantage of compound interest which is nice. True financial freedom at a young age is what I am after. I want my dollars to work for me.

Any thoughts, questions, advise, etc. is truly appreciated. I am excited to learn more and get my feet wet!