I did, paid cash for my first house in my mid twenties.

21 years old I bought twenty-eight acres raw land edge of National Forest Las Vegas NM for development.

@Jesse Ottesen Definitely generational, I am in my mid twenties and very rarely do my friends and I book our trips through hotels.

I'm a big fan of the Southeast over the next twenty years for job growth and rental demand and love to talk about cashflow!  

I am in my mid-twenties and love real estate.

As a quick take, I often ask contractors what they would charge to install twenty replacement windows.Second, you don't say how much is CapEx.  

Teens and twenty-somethings can be very hard on an property; I should know, I have 3 (teens and 20-somethings ;).Ocala has a very strong rental market as well, but the "steals" are drying up fast.Best of luck!

Kee You Birmingham is ten to twenty years behind us on the west coast.

For North Arlington, you're budgeting $1,500/year for maintenance, or $30,000 over twenty years. 

You NEED trusted (local) PM and Contractor/s.And if you can't tear yourself away for the occasional weekend, you also need local, trusted bird-dogs/wholesalers.It IS the twenty first century!