A goal of 40 doors is theoretical and likely just matches the income that you want to get to that ranch, but managing 40 doors, especially when they are broken up into 15-20 properties is a bear for you or for property management fees (especially so if they are not all near each other).

They keep rent low, give gifts and homemade cookies for Christmas, make upgrades whenever the tenant requests,  accept all the late rent excuses, etc.The truth is, your tenant is not your friend.

All lights were green and there was a pileup, leaving behind a mess of twisted metal and broken glass, and a few personal injuries to boot.The syndicator crowd coined the phrase "survive until '25" under the hope that by 2025 interest rates would correct and their deals would be fine. 

I had discovered then the broken equipment that he claimed was damaged by a thief, yet not stolen and still the lender had not came to conduct his inspection.

I want to upgrade my house up a notch in the couple years and get a couple little extras like that.  

See if they're ready to upgrade or down grade?

I got a very good price on the building (about $25k per door), but it was a ton of work as in addition to tenant issues, there was TONS of physical distress (foundation repairs, sewer line and water line repairs, electrical upgrades, new roof, and apartment renovations needed for all units). 

Thanks in advance to everyone who shares their thoughts.Hey Greg, I’d recommend buying a multi unit property that could use minor upgrades and buying all cash.

In all, we've doubled our net worth - upgraded from a 'Coach' retirement to a 'First Class' retirement. 

I have upgraded my opinion from neutral to heavily leaning bearish.