As illustration, you know why The doc is asking our Blood Pressure to be below 120/80 right ?

Setting proper expectations takes effort (sometimes a lot of effort).Let me try to illustrate this with my own experience.  

Also this illustrates too, bunch of the leads that come through that you get charged for are not actual leads.

The story illustrates that bad things happen, and you can never predict when something can go wrong.

This is an extreme example but I'm trying to illustrate why you calculate expenses this way so you can have a true picture of what a home cost you.Do you need the cash flow or do you need a lump sum of cash?

Another illustration of the effect of time on cashflow is with respect to the IRR of 6.43% vs IRR of 9.13% that you calculated above.

Regulations include property related laws like the time and cost of evictions, rent control, code compliance requirements, etc.I created a graphic that illustrates the process I would follow (click on the image to see full size):Potential LocationsThe following is a reasonable set of location criteria to start with.

I illustrated that the first step was covering those expenses with passive income to free up earned income from our jobs.

It nicely and convincingly illustrates what seems so completely clear and obvious to everyone trying to give advice on this thread.I think @K.

Can you please illustrate with a simple example with some numbers?