Obviously in Houston most would prefer a large home for that price, but there are still plenty that prefer condo lifestyle with no home headaches but there's one for sale right now over $5M in my building a little bigger3) David -  Like I mentioned mine is many floors higher as a comp that sold a few months back that was basically stock from the developer, mine is upgraded significantly and higher, but of course that's irrelevant now as that one sold at the time and ours has not.There's really no rhyme or reason in this end of the market, I don't expect a quick sale from my realtor but it has been nearly a year, at some point you just begin to blame the person in charge of selling it for not marketing it properly,etc.

I see real estate is a viable way for me to live the lifestyle I want and provide for my family.

I have a 9-, but I'm over the corporate lifestyle.

I try as much as possible to stick to that frugal lifestyle.

I want to start investing there to increase cash reserves however I have an end goal of buying and holding multiple properties that are free and clear in order to sustain a comfortable, but not lavish, lifestyle for myself and my family. 

Just don't rationalize lifestyle inflation with the extra money.

Finding investments that fit your lifestyle and marriage is key....maybe just a single family with an accessory is a baby step to see the rent checks coming in...

Keep in mind you are going to have to live there so make sure that it doesn't impinge on your personal lifestyle. 

My ultimate goal is to own enough rental property to pay my expenses and retire from the 9-5 job lifestyle.

That is cool you own a cross fit gym...you will see the flip and buy hold info here, and one or the other (or both) may fit your lifestyle and skills.