Investing in RE is only a source of long term income when it is supplemented by a source of income to pay startup/acquisition/ and ongoing expenses.

I’ll be managing the property, so I’ll actually clear $100, but my end goal IS to scale up and one day need to outsource PM…I need to note that my goal as an investor moving forward will be a minimum of $200/unit, and the WHY behind my investing is to supplement 100% of my income one day (I’m working on getting more specific with my goals).

My father and I began this venture in May of 2015 and have since grown our team to a total of 11 people.I joined the Bigger Pockets community as my goal is to invest in buy and hold properties to earn supplemental income.

I do plan to live at the property at least one year and attempt a house hack to supplement my income.

These are best suited to people who plan to live in one of the units and significantly reduce their monthly obligation to the mortgage by the supplemental rental income.On the other hand, metrics like the cap rate, GRM, etc. are taken into consideration as well, much like commercial multifamily properties (5+ units).

I would like to supplement/replace my income to speed up retirement.  

I've been working to supplement my W-2 job income with real estate income and it has finally gotten to the point where I can step out on my own and not have my family of 5 starve (wife and 3 kids).

​ Anyone here in California dealing with a Supplemental tax bill?  

If I didn't have a job I probably would have gotten my license and supplemented myself with broker commissions. 

@Joe Splitrock - We followed *some* of Dave's advice about 8 years ago and supplemented the rest with what we thought was best for us at the time.