Then you  have three and be on a roll.But if your immediate goal is to buy yourself a mansion and not sacrifice to build something of future real worth, then you may never get far. 

We hold the note & he has it rented constantly because he has it in great shape.We then bought another 5 bedroom, 3 bath, 2 kitchens 1800's mansion (haunted) for $87,000 sold it lease to own for $137k.

Currently I am redeveloping a 25,000 sq ft historic mansion into a boutique private STR. 

The atmosphere of Hugh Hefner's mansion is a bonus.

Quick backstory: in 2013, my partners and I rehabbed a tax auction mansion in Detroit and turned it into a communal living and working space for other young entrepreneurs.

There are half-a-dozen very nice historic properties (former mansions belonging to captains of industry) which would make wonderful high-end condominiums if the economy were to ever swing around.   

A great example of this would be in Hollywood, Ca where you can have mansions worth millions and much lesser priced homes within a fairly close proximity.  

My feel is it could go either way: the millenials could have a few good years, build families, and start to buy the larger suburban mansions which have dropped in value.

Growing up in Montgomery county I've been fortunate enough to be surrounded by some beautiful homes/mansions, have friends who lives in interesting estates, properties, farms, and apartments.

So your lumped in with the governors mansion and all those huge million dollar houses over there...