Exactly, there's some wiggle room on #2 and #3 based on your risk tolerance but you've got the idea.  

Now, I want to quit my job as soon as possible because, frankly, I can't tolerate my boss anymore.

Their wheelhouse is well defined and it doesn't tolerate much out of the ordinary.

If it's in person, local contact you are looking for, in Southern Maine check out Southern Maine Landlords Association - they have a website online, and monthly meetings.But I urge you to dig down a bit more, and see what your strengths, weaknesses, interests, and risk tolerance is before you look for 1:1 mentoring.

I'm an older guy so I have a conservative tolerance for risk.

Hi @Matthew Gwin,Without example numbers, risk tolerance and the state of the market you are looking to invest in it's pretty difficult to say. 

Hey Everyone, So, question, as I do some due diligence on a 26-unit deal in Cincinnatithat isn't likely to go anywhere... for the following reason- the property is being murdered by its operating expenses (36% of it's...

Then when there is really money on the table worth and you have satisfied your risk tolerance, jump in and go for it.

     It really does depend on your personal risk tolerance and financial abilities.  

I am the nicest guy in the world, will try to help tenants any way I can, but I don't tolerate three things: not paying on time, willfully damaging my property, or causing any kind of legal or situational trouble with the city/neighbors/law.