I have had more destruction and stress with tenants who have never even had a speeding ticket then I did with these two tenants who most people wouldn’t even consider them to be their tenants.Moral is, you can do all the background checks, credit checks, look at pay stubs and accounts till you think you found the golden tenant from heaven.

It's the same as an airplane ticket or phone bill.

Short Term Rental, Long Term Wealth by Avery Carl is your ticket to success. 

If you are starting out, Clever Summit has very affordable tickets and will help start networking with others.

My family is very frugal and minimalist, so other than food and baby stuff and a monthly public transportation ticket, 10 dollers a month for cell phone,  we have no expenses.So what do i do with all my income?

Hey @Henry Lazerow - I would tend to agree that most of the NW side of Chicago 2-4 units don't play out perfectly well for BRRRR deals.I always looked at any potential house hack vs. having to rent - if my overall payments were less than the rent I generally considered that a win.For me...the house hack is just the ticket into the amusement park and then the fun rides come after...getting started can be overwhelming and hard so I can see why people might take a discount.I think one of the keys to strong equity creation is square footage creation which is basically what you outlined with duplexing up or down.

This is a big ticket item.

Louis, would be happy to connect or meet up.https://www.stlreihappyhour.com/https://www.eventbrite.com/e/tours-pours-august-tickets-7523...

My $10k example was admittedly unrealistic.However, by way of further background, @Dustin Heiner wrote an excellent article on this topic on his website masterpassiveincome.com titled "What to Do When A Buyer Backs Out From An Assignment Of Contract".In it he suggests a scenario where the assignee decides not to proceed, perhaps after discovering a big ticket repair item that would cost significantly more than the portion of the assignment fee held in escrow. 

It is a huge ticket item and can eat ~30-40% of my reno budget.Today I did a walk through with plumbers and contractors.