I know that can be a trap for many now, because, to put the shame of their impoverished pasts behind them, they take on oversized mortgages and car payments and loads of lifestyle expenses that keep them living paycheck to paycheck forever.What have you had to unlearn along the way to achieving your own goals?

American corporation lifestyle is already very relaxed compared to the world standard.The bigger issue that I see is that the pie for residential real estate, is not that big enough, except if you want to work for big developer.

It's perfect lifestyle for me.

Your day job can keep providing your income for your lifestyle.

(I know what most people are thinking, not the most ideal degree to hold when getting into this business, but alas here we are haha) I am eagerly trying to break free from the whole "living paycheck to paycheck working for the man" type of lifestyle.

I feel that the coinvest should be meaningful enough to cause real pain for the GP in the event of a bad outcome, but not so much pain that a bad outcome or 100% loss ruins them or threatens to disrupt their lifestyle either. 

Assuming an average 8% CoC return and factoring in none of the backend, if I invested a total of $5MM into several syndications (assuming some of the windfall went to taxes), we would yield $400,000 annually.Depending on your current and future desired lifestyle you could continue to live modestly, and reinvest a large portion of the dividends earned. 

There’s a whole lot more thinking necessary than just stumbling across a YouTube video and being enticed by a change in lifestyle dream.  

Other landlords, and this usually when they occupy the property too, want to make a decision based on lifestyle criteria as much as financial factors.

Anyway, I found that most people don’t want to pay for advice unless it’s packaged with promises of wealth, lifestyle, and an ability to do “it” with little or no capital.