So I am trying to expand my horizons into some other TK providers.I want business but somehow it feels more like gambling :)I think people are going crazy and buying everything hugely overpriced - the numbers that @Brandon Turner talks about in his webinars are nowhere to be found for someone who is a passive investor.

Bear in mind that the current rule is 'live in it two out of the past five years' but may shortly be changing to 'five out of the last eight years' under this new tax bill, so there is somewhat of a time limit there - or at least a horizon to be aware of.Using that tax-free cash, you could put a down payment on 3-4 cash flow properties here in Birmingham, and other markets in the midwest and south.

area with a long term horizon and hoping to get in with 1% rule.Will I be able to find something decent?

@Jay Helms after traditional tax deferred places to stash cash rental properties seem like a diversified place to build wealth and supplement income, plus I like that similar to investing you can create a strategy that’ fits your risk tolerance, time horizon and available time.

The investment time horizon is typically 5 years but depends on what the market is giving them...sometimes they will sell/refinance after 3 years, sometimes it will be longer than 5.

When you see what's on that 5 year horizon you can start saving up to that needed amount. 

I’m in my early 20s so even if I’m sacrificing some return now, I’ll likely still be fine as I have a long time horizon.

I’m young (early 20s) and therefore have a long time horizon.

However, if conditions get so bad as to lead to a downturn I would have doubts if there would be any recovery on the horizon.

., independently to verify and ask if there are any changes on the horizon that don't show up in the reports yet.