I think that if you play around with the right deals, you will find that return does increase if you lever up to 50%, but if the debt is negative leverage (interest rate higher than the cap rate, going to max LTV can actually decrease your returns due to this dynamic. 

It is an intensive leasing process each year, from the advertising to handling inquiries, applications, showings, etc. 

If one partner is more capital intensive vs others all that will be spelled out. 

I live in the Tahoe takes regular upkeep from the snow to the intense sun to wildfire risks. 

Stuart - so you think the play is single family homes in "nicer" areas vs the typical multifamily geared toward childless singles?

Play around with that with your more accurate estimates.Rentometer estimates that rents in the area for a 2/1.5+ are around $2500.

I would suggest playing the long game, though, instead of focusing on quitting your job.

It all makes for an interesting dynamic that we've yet to see fully play out.Detroit prices are up 2x in the last 5 years.

I would recommend picking a major that has high earnings potential, not something like a degree playing the Trombone.

You presented a perspective I had completely overlooked.Would you still recommend negotiating a lower purchase price vs cashier's check on closing given that we're in a higher income tax bracket and thus capital gains tax could come into play in the future?