I feel like the next 10 years, ie from age 47 to 57 are not necessarily ones during which I want to be downsizing or worried about money.

If you are able to make an age related withdrawal or a loan from your 401k those could be good options since the stock market is currently at all time highs. 

Hello @Nevin WilkieThis post is aged a couple of weeks but I hate it when misinformation is given so thought I would clarify a few things based on some of the replies I saw. #1. 

We’re one ofthe few property managers that require W-2’s and a bank statement and we go way beyond the traditional, “income must =3x rent” qualifier.Below is more information about what our Applications Department does to screen applicants and find the best tenantspossible for your property.Required InfoWe require the following from each applicant over the age of 18, that is not a dependent of anotherapplicant (as evidenced on a tax return):Copy of acceptable state picture IDRecent YTD paystubRecent W-2Recent Bank Statement, all pages, no info blacked outRecent tax return if self-employedApplicants are often slow about turning this information in, asking us why we need it and then takingseveral days to submit.

It’s awesome that you’re jumping into real estate at such a young age.

Many investors see no "hard line" on age as long as there’s strong cash flow and maintenance is manageable, but ensuring you’re prepared for any age-related quirks is essential.

It's just a product of the modern internet age and you are right, they always have a new way of skirting the rules.

Additionally, maintenance/cap ex expenses are high due to age.

View report*This link comes directly from our calculators, based on information input by the member who posted.Don't know the age of the property but due to what you stated the price point I am going to guess it is a bit older. 5% for repairs and cap ex maybe low in that case.

@Dayton Bishop It's great to hear you are taking interest in real estate at such a young age but based on what you shared, you're not in a position to own real estate.