I know first hand how a stressful job is burning a candle from both ends, so even if you get to the millionaire mark what's to say that you won't have hypertension or some other stress induced pathology.

As such, I expect my repairs cost and vacancy to be lower (will be going with home warranty $500/yr), other portion of repairs will deal with tenants induced repairs and carpet replacements etc...

FinCEN has announced that it plans to work with other relevant regulatory agencies in the development of consistent compliance examination procedures, and in the future it will provide public notice of other agencies that will exercise delegated compliance examination authority with respect to certain classes of covered entities and other loan or finance companies.

You can exercise 1031 option 2 and list properties up to 200% of value.  

Indulge me in a thought exercise: Imagine several scenarios for yourself 20 years in the future: one in which you find a way to work, save, invest, and grow, and another scenario where you essentially do nothing for fear of failure.

I exercise. 

A "feel good" exercise?  

This way- if it ever comes to fruition, and the lease option tenant exercises his/her option, you will lock in the specified sale price that you created in the Option agreement ( property must appraise of course).

It’s a great way to learn more while doing other things such as exercising, driving, etc.Get involved with a local REIA groups.

If you could find a part time or summer gig as make ready person helping with apartment turn arounds, then that would be ideal, too, for a future landlord...of course, listen to podcasts in the car or when exercising..and if you have a target area, start studying the neighborhoods and listings.