Our short-term goal is to have 100 units in three years. I traveled to Memphis recently for a tour with a turnkey operation and we are on a waiting list with Mid South Home Buyers there. The homes are from $70,000-$100,000 turnkey. My only hesitation with that is that it seems like everyone is buying in Memphis and have been for a while now. I'm also aware that we'd only be seeing cash-flow and very little equity. We love buying in the Puget Sound area but, as we all know, it's very hard to find good deals up here. When we close on the new duplex we'll be spread out from Renton to Everett. We got the recent duplex by doing a cash-out refinance of our first home. We're remodeling the one we live in to do the same thing again. Eventually, we'd like to get into apartment buildings. The overall goal is to replace my husband's income so he can quit his job and do real estate full time. I'm pretty happy doing what I do but I'd like to retire from it in five to ten years as well. Once we have a hefty cash flow, hire property management for all of them and travel the world full time.
