Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.

The argument that it is 1 extreme or the other is a false narrative.

So Basically I am with you guys @V.G Jason best way to get to a point to live on rental cash flow is to absolutely keep your day job .Now some folks pull it off in the less expensive markets of the country were cost to acquire is in many instances less than 50k a door cost of living is much less than other areas and they are as stated  extremely frugal.  

The cost of living is extremely low compared to other cities and you can still many many positive cash flowing and 1% deals here.

This is due to the extremely weather conditions across the US.

$650k won't go very far for a multifamily.Most multis in MoCo are in Takoma Park which has extremely restrictive rent control.

I really see Columbus Ohio as an extremely safe bet for the next 10-20 years.

Extremely sorry to hear about your saga.

And I'd definitely would choose whole house, I had nothing but bad experiences with room renting...This is extremely helpful.

That being said, they are extremely costly and expensive and generally do not make sense for smaller transactions.