So I pay it, and every few weeks when the stars align and I have no work meetings at the time, I join, listen to other people's questions and Peter's answers and that's it.At least after reading your post I feel better knowing that some clever tactics were practiced to get me into this and not that I was easily fooled.I would be happy to share info if yiu think it will help others make decisions and avoid shortcomings, and I would appreciate it if you have some advice that might help me get out of this situation.Thank you! 

Readers should seek professional advice.

The property owner's tax professional can help them with that and ensure they don't pay taxes twice on the same income.Disclaimer: My advice/opinion in this post is just that, my opinion.

I definitely have some rose tinted glasses on and am drawn to the idea of 'lifestyle investing' hence why I am trying to get more realistic/experienced advice here.Kathryn and Jonathan, if I had to summarize your feedback;-If it seems so great, it will be competitive -If it is competitive, I am massively disadvantaged not being local/experienced in the market.

My general advice would be to try to house hack.

Readers should seek professional advice.

Any advice or shared experiences would be greatly appreciated!

There is life stages to investing, and the math is clear that strategic debt use, strategic leverage, pyramiding, appreciation, is the wealth generator. 

Seller Financing OfferPurchase Terms1. Purchase Price: $215,0002. Down Payment: 20% of the purchase price, equal to $43,0003. Financed Loan Amount: $172,0004. Interest Rate: 6.5% per annum (fixed)5. Initial Amortizati...

Thanks for more great advice Eddie!