That includes making some serious lifestyle changes if your truly wanting to be a successful REI.

Aside from price, you should also figure out if the specific city you choose fits your lifestyle.

But in all, sit down and list out the lifestyle you want to have in 5-10 years and determine your goals from that.

I had a great lifestyle in my 20s and 30s.

I left biglaw earlier this year to take an in-house job with a (MUCH) better lifestyle but lower long-term earning potential.Household Income: $365 guaranteed, $440 if I hit my bonus and include our rental (bonus is a target of $60k but is not guaranteed, rental grosses $15k though we net less after taxes/expenses)Net worth: $1.15M: Cash-$390k, Equity in existing rental (out of state)- $200k, college savings $30k and retirement accounts - $520k, no debt (both cars owned outright and rental doesn't have a mortgage).Current Housing – We live in a HCOL where we rent a 2bd/2ba condo for $3.1k.

To move away, we either cut our lifestyle in half or figure out a way to give our portfolio a "make-over" to somehow squeeze more profit out of it while at the same time hiring management so that I don't have to work on it full-time..I'd love to hear any success stories of others who have been in our shoes or advice on what direction to take. 

He has other cash flowing properties and lives a frugal lifestyle so he does not seem too concerned about replacing the income from this property or have much plan for the proceeds of this sale.

The seller's agent should most definitely limit the exposure to prevent a conscious or unconscious discrimination based on a protected class. 

Successful franchises have a system of doing everything, you don’t have recreate the wheel just follow the system but you do need some starting capital.7 Delayed GratificationNow, if you earning more income, do not upgrade your lifestyle.

I'm more interested in accumulating a lot of doors than having a flashy lifestyle; I use the money to buy more properties.My brother, Joe, told me how he puts money into a Vanguard charitable fund - the money can't be removed but he can donate to charities he likes - and I want to do the same so I'll be putting some money that would be going toward taxes into that instead.