@Keith Groshans, consider a real estate debt fund and reinvest the monthly dividends.

Eliminate debt, establish a budget, and save.

and, something that doesn't get discussed enough - a record number of properties don't have any debts on them. 

Quote from @Collin Hays: From a macro standpoint, cash flow is difficult when servicing debt, at least in the early years. 

How does the already deep in debt CA afford to tack on $50 BILLION in debt service?

No off-street parking = not worth doing MTR unless it meets all of the following: super urban area where no parking is the norm, highly desirable area with a ton of MTR demand, super safe part of the city, and has great public transportation (think NYC, Hoboken NJ, etc.)Unless it meets all of the criteria above, I pass on those opportunities because my MTR will be eliminating the many people that travel with their vehicles.

If the bank prices their debt based on the fed rate you typically see WSJ Prime + 1%.

That all makes sense to me but it makes me wonder how can you be "financially free" or even just start building wealth if you are 100's of thousands of dollars in debt at all times.

Mobile homes are treated differently depending on if it has had "elimination of title" or not.

That is the issue I am having now as my wife and I have great paying jobs and just cleared all our debt.