So that won't be doable for me, for now.

Giving yourself 3 years I think is definitely doable.

With the rates yes it will take more finesse and creativity but still very doable.

I would maybe use 20-30% of it, get it to LTC gains, pay off your consumer debt, and put some more cash away to invest properly. 1 property every 3-4 years is doable, and not behind the curve.

@Raeshelle CookeDidn't know the tax and insurance was included in the $1981$1981 for mortgage+tax+insurance on a loan of $281600 seems doable but double check.32% is the total of the expenses which comes to $1600 Don't know about the area but I would suggest add 5% as vacancy as well2ns business loan for downpayment still stays at $479Cash flow = 5000 - (1981+1600+250+479) = 690 

I actually moved from the Bay Are to Detroit Metro from 2017-2022 but I'm back in CA now.Getting all of your cash out is fantastic, but not always doable.

Columbia, Greenville, and Spartanburg are still affordable and mostly doable for LTRs.

I think self management would be very doable for you and your spouse provided you either buy decent units or get them renovated quickly minimizing the need for time consuming repairs.

Now, if you want a section 8 tenant, then yea, it's doable. 

So it is do able as long as you meet your banks requirements.