and with your low interest rates I'm sure the payment is not effecting your lifestyle.

I always highly recommend all my clients start with a four unit from a financial point of view however some people value lifestyle over their financial freedom so I find that often times families will pick SFR's or duplexes still over 3-4 units.Additionally, 3-4 units have more stipulations now than they did when @Ryan Hurd bought his fourplex.

Every adult knows that rentals are not guaranteed.I would give him suggestions for income-based housing, 55+ communities, or something more suited to his lifestyle.

The other part that many overlook is your lifestyle, what do you require to survive, vs thrive, many people cant deal with lean times well, or dont keep adequate reserves to weather a dry spell, I once went 13 months without a payday, you just have to prepare for those things while you are working. 

If you're okay with an unconventional lifestyle, this can be a great way to start building wealth early.

I'm still around, but most of my focus today is on our consulting company and yet, in the 1970s and 1980s I was one of the ten largest community operators in the country.Some of the changes were because the operators either died or just aged or just had made enough money and wanted to live the lifestyles of the rich and famous.

Post it for rent and by default any responses you get allow some insight into a perspective tenant's lifestyle before you even respond.

@Jack Hensy,Some folks define "being rich" as "the freedom to do what you want whenever you want with who ever you want".If your chosen lifestyle puts you where you want to be, God bless ya!

Since I am not sure what your needed income would need to be and what type of lifestyle you are looking for its hard for me to speak on it.

Combined with strong tenant protection & no eviction laws, this seems like investing anywhere outside CA or HCOL coastal cities is the better investment decision.I decided I don't want to drastically alter my lifestyle from living in a walkable urban area to living in a car-based suburb.