LOL.. and those folks don't post on BP.. on BP its all blue sky rentals are the way to financial freedom quit your day job.. live the life you deserve etc etc.. well for some for sure.. for many NOPE.. they are like why did I do that.. and they exit no matter the loss.now this is more prevelant in the lower value asset markets.. not all markets are like this.But I look at when I started hard money lending in 01 for turn key and I started in Detroit.. the homes there appraised at that time for 120 to 140 each rented for what they rent for today 800 to 900 in those days the .05% rule was fine.. we loan 80k as a HML .. well those homes tanked as you probably know many went down to less than 10k in value.. thankfully the 200 plus I did there I got refinanced out of them all. but you know long term lender lost their lunch and so did most of the investors in those days.I am not prediciting another major meltdown.. but even  break even is not a good position to be in with rental properties in my humble opinion the risk/reward and hassle factor just weights on you.. but I know I am in the VAST minority in my thinking.So my thought is you really need to get these things paid for and keep them forever.. but life happens and I would say 80% of people that have that thought process going in never make it past about 7 or 8 years.

Freedom is wealth to me.

I personally am huge with Freedom to Choose-https://freedomtochooseproject.org/We go into California prisons and work directly with the inmates, teaching them spiritual psychology principles that help them see their own worth, help with forgiveness, anger management, making them generally happier, etc.

Pros,  MLS access, networking, save on commissions,Cons  Expensive (around 2.5K for me in Chattanooga), slightly less freedom in deal making because of required disclosures and prohibition on talking to represented parties.  

The local bank understand the market and has more freedom. 

My wife and I both live with her parents so I don’t have a mortgage of my own to pay so that gives me a little freedom to look at different options out there.My question is should I start with duplexes or single family’s and should I stick to one form of rentals or should I have a mix of both also how much should I spend for my first rental?

It can set you up nicely for financial freedom and help build an amazing future but I believe it is not worth the cost of your early 20's.

I'm a health care independent contractor, with an open ended contract in San Joaquin county, CA.

I’m financial free meaning no debt, low bills, plenty of cash reserve. It’s nice and all, but in order to achieve the most in RE investing, I’d have to go into debt. should I avoid debt or should I dive in and allow m...

I’m financial free meaning no debt, low bills, plenty of cash reserve. It’s nice and all, but in order to achieve the most in RE investing, I’d have to go into debt. should I avoid debt or should I dive in and allow m...