If you end up in a lawsuit with multiple lawyers your nest-egg will be eaten alive.There are other deals.

If you find a place where you think you could live for the nest 10 years, I'd say just make sure the mortgage is the same or less than what you would otherwise pay for rent.

You do need a significantly larger nest egg (a few hundred K disposable, depending on your region?)

Buy and hold is great but if your funds are limited I would start wholesaling or fix and flip until you have a nice nest egg behind you.

In the stock market, it is highly likely that not only will you be able to withdraw the $133k each year, but you'll also be able to withdraw more (in $ amount) each year as your nest egg rises in value.

With a 10% cash on cash return a $150K nest egg would give you $15K a year in returns.

There's something about your mid-twenties that gives you wild remodeling ideas -- perhaps it's the urge to nest.

Save as much money as possible so you have a nest egg to invest to get you started, Listen to biggerpockets podcasts for inspiration and ideas, go to local REIA meetings and network with people in your area who are doing business. 

If it finds it's way into the next deal though, it lives, and when it comes out the other end of that next deal (with friends), and moves into the nest one, and you can repeat this over and over...it lives forever.Golden Rule of REI is NEVER spend your cash.  

Your long-term strategy, assets, portfolio, market review, your connections, etc. etc. should all factor into your decision.But, assuming that you are in it for the long-haul and are seeking modest cash flow to fund a retirement in the nest 5-10 years...