Quote from @Blue Presley: $1500 x 12 x 5 = $90,000.

So the question to the community is this: where is there a decent supply of multifamily properties, investment properties, and also nearby amenities such as the ocean or the mountains?

I used to fly through Dallas and Houston a lot coming back to Portland and on one of those clear blue days and when the approach is through the Columbia Gorge with Mt.

For example if your condos are on the ocean on pilings, and it's time for the pilings to get replaced, you could get hit with a hefty HOA charge to cover the construction costs.Hope that helps.Mike

That's not enough cash on hand and reserves to play in New Jersey in Monmouth or Ocean.

Prices so far this year range from $420k-$1.05M all with ocean views or ocean access.

We hope to have paid-off 5-10 small multi-family properties in the Tulsa area by retirement age that should supplement our 401K's and Social-Security income.Area: West Tulsa (blue-collar neighborhood)Property Price: $360KAverage rents: $3000-$3200 (duplex)Has anyone heard/worked with Marc Ruiz in Tulsa?

Leasing a LTR is classified as passive despite the occasional needs to actively protect the asset.In Ocean City, NJ there was a little store that had stores within it.

@Michael DumlerAre you referring to the Ocean City market?

I'm particularly passionate about Chattanooga, TN, Blue Ridge, GA, Charlotte, NC, Winston-Salem, NC and possibly Florida.Outside of real estate, I enjoy photography, marketing, outdoors and health optimization.Excited to learn and connect with you all!