That doesn't mean it isn't a good strategy - if the property still produces healthy cash flow after expenses (which includes future capital needs if you've deferred such), at a minimum you could be rolling the cash flow either back into the home to own it outright or using those funds to prepare for your next purchase. 

Danko (Author)It’s people who live a fairly conservative lifestyle and while they own  mundane type businesses or work professional type jobs (or high paying blue collar jobs) put aside a good amount of income for investment.  

With no allergies to hold me back, I enjoy an active lifestyle, making exercise a daily habit.

I have flipped four houses to date and typically look for properties that guarantee a healthy margin.

It is a creative lifestyle investment that I think the listeners would like to hear about.

Also a healthy chunk of our sales are cash.

It’s always you should change your lifestyle so they can keep theirs.

Eating healthy is boring.Want better finances?

High prices can eat into short-term returns, but if you believe the area has room for growth and demand (which seems likely given SW Montana’s attractiveness for remote workers and lifestyle buyers), the investment could pay off long-term through appreciation and rent increases.4.

@Samantha Hogue   You got me on the RV lifestyle.