But.... when you have a fat paid off rental portfolio, you can do better in paper securities (cap gain tax effects not included) because a really good ROE on paid off RE is only 7%. 

When you land a fat one you’ll be crushing it.

If my underwriters do not see pricing, they leave 10-20% of fat on the quote.

I also was not happy about paying out 10% of my income to CA income tax so CA could transfer that wealth to the highest paid Gov employees in the U.S. and their fat cat 6 figure pensions.

Apologies -- I'm definitely one to fat finger stuff on my phone too.

Prefer no paperwork too, just hand me a big bag of cash and I'll leave you a fat return in my Will.     

Many people look for THE BEST "diet," and when they don't see results after a week or two or three, they become Internet junkies and switch from the low-fat diet to the low-carb diet, to paleo, to ketogenic, to vegan... and ultimately get frustrated and give up.

The profits just won't be as fat or ridiculous as the typical "yo i bought a house for $100k, put $30k into it, and sold it a few months later for $200k after listing it for $225k" kind of deal you read on here.Even if you manage to make $5000-$10,000, the experience you got from this is worth far more than that, and you got to make money at the same time.

This was the same math done when you purchased the triplex, if you purchased it as an owner occ and used the rental income to help qualify.3) If you want a rational reason why non-owner occ math is more generous than owner occ, consider that non owner occupants have to put big fat down payments down, and have more skin in the game generally. 4) Rental income (anything about it) is frequently overlayed. 

I would guess $1.5M in midwest/cheaper markets would do it, double to $3M in moderately expensive markets that appreciate nicely.I had about $2M invested to reach $10k per month net, but I started buying 15 years ago, 90% off-market, belly to belly with sellers that were at least moderately motivated.