You can play landlord for a few years and you'll learn a lot from doing that (especially hands-on) - but long term not a winning strategy.

Quote from @Grayson Grzybowski: @Crystal SmithThank you for taking the time to provide your insight on the questions I have asked.For your introductory statement, I understand this is how debt should be used. 1) I have already went out of my way to ask for as high of a limit as I can just to have it on stand by. 2) I am trying to build value into our home to increase the equity faster so I can utilize it as leverage in time. 3) I have already reached out to a lot of different investors and have their terms & conditions at hand. 

Don't get me wrong, they absolutely have their place, and we have a handful that we love working with.

when underwriting a property a good rule of thumb would be to set aside ~5% gross income for each Cap Ex, maintenance, and vacancy. (15% total)I dont know much of the market in TX but in central MA i work with a lot of investors that are interested in acquiring multi family properties so that's mostly what i deal in. 

. :)Now, the CC&R's are totally valid and I believe the language is pretty clear on restrictions.

U dont ever have to sell the land you log at about 70 years or so then replant and hand it down.. 

BRRRR is just about as hands-on as it gets and REITs are hands-off. 

What would life look like for you Josh if you did just 10 of these properties, in grand total, and stopped there.

I was nervous as well with my KCMO house (I know, totally different market but still) and I've had some hiccups but I really like section 8. 

On the other hand, I could hold on to the property with the thought that I can handle the expenses of keeping it, while continuing to pay off considerable equity and gaining appreciation for each year I hold on to the property.I would love to hear everyone's thoughts on what is the best option, as I have been having trouble making a decision given my limited knowledge and experience.