If you don't have deep experience owning similar properties they won't let you assume the loan.

Or 34 sounds like a lot but once you're deep in the game you realize you need way more than that to retireMy expectation is (outside of obvious road blocks) approximately 30-40 units at hopefully 2-300 cashflow per unit would get me to a comfortable position in covering expenses (assuming that number is different for all people).

Obviously, the more money you put into and hold in a property,  the less $$ you potentially have to play with in terms of getting another property (assuming you don't have very deep pockets).

Hard to tell exactly how deep it was but let's assume ceiling is 8 feet and there wasn't more than 2 feet between water level and ceiling.

Hello All,I have been interested in investing in real estate for a few years but never pursued it as I am today. Since committing to this goal of becoming a successful real estate investor, I have found several helpfu...

First of all take a step back and BREATHE.

Everyone needs to take a breath here.

Wishing you all the best as you plunge into the deep end of the pool. 

Then I would add a narrow kitchen island on casters, maybe 2 feet deep.  

If you are worried, do a little extra due diligence, and dig deep to see if you can come up with reasons, other than where their income comes from, that they would not be a suitable tenant.Rob