@Sean McKeeThat's a good price on a 2-flat for Berwyn and I'm guessing the property needs some work.Typical Berwyn rents for the units you have described (at market levels) usually range from $1200-$1400.

The scale isn't going to come in the interest at this level of savings, it's going to come from how much you can earn.

But I’ve been given the reins of the business and am hoping to learn and grow into something that can build a level of generational wealth that will benefit my family (siblings, cousins, and children) for years to come.But I am filled with doubt in myself and skepticism about how real the success stories really are.

Talk to your agent in Cali - you will need a short term (STR) renters policy on the condo as a base level policy which opens the door to getting an umbrella policy.

It can make the lower level tenant miserable of noise especially.

First step is don’t believe everything you see or hear on the news because they will exploit inflation to new levels to scare folks into something that really isn’t.

In my market $10.50 is BELOW the average for an entry level labor intensive job requiring no education.

@John Williams politicians at all levels of government are taking away landlord property rights to protect slum-tenants.We'll soon be like Ontario, Canada where they can't charge application fees or security deposits and it takes 12 months to evict a tenant.Unfortunately, landlords are too cheap to make political donations to stop the madness:(

It may not make financial or economic sense, but some people (me) reach a certain asset level and just do not want to deal with debt anymore.   

But again, I go through the questions about and decide based on the level of stress/work, cash flow utilization and my overall goal for that rental and make my decision.