So you can bank the difference.

Your margin for error on a house that is valued under $100k is so tight.

I wouldn't have any interest in buying something like this to hold since it would be so far negative cash flow wise on a monthly basis.

@Frankie Lotrec if you have an existing loan on the property and you plan to legally convert from a 4 unit to 5 unit , you should check the loan documents because you’d essentially be converting it to a commercial property, since 5+ units is considered commercial and subject to different appraisal approaches and so it would rule out the property being considered for purchasers utilizing residential financing.  

So 5 years for you to retire?  

So you have to create that balance for yourself.I don't think your goals are bad, you are basically living below your means (in an RV) and buying rental properties.

Every time i make a post on here I am getting great feedback so minus well keep posting lol.

So yes, it's definitely something you need to be careful with.  

I knew the good and not so good areas.

So, don't be fooled by the common name for some of these auctions. 5.