In return, they will be motivated to get a job and pay back every dime owed while lavishing you with praise.

Nice job! 

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

I've driven by it a few years ago.Great job!

Here are some additional comments to add - please be sure to read the last comment regarding making contributions to both an IRA and 401k.Can I set up a SDIRA if I have full-time job?

Also, how much time do you want to spend doing real estate vs. your main job or extra work in order to fund it.

You must work at least 750 hours per year in a qualified RE business.So most people who have high-earning W-2 jobs outside of real estate won't qualify.But the unique thing about RE pro status is that even if you don’t qualify but your spouse does, you can both file jointly and claim the losses from your RE investments to offset your other active income together.It's an incredibly powerful benefit if you do meet the criteria.

The markets open up if you are not planning on doing the management yourself.There are many markets that are growing in population and jobs throughout the country if you are willing to look at OOS investing. 

You can list all the reasons why you charge $250 for a one-time shoveling, but nobody will care when there are other vendors doing the exact same job for $100 or less.I'm in a city of 10,000.

Our long term goal is to purchase and move to a remote ranch and for me to be able to quit my job around 40 years old.