I transitioned out of the daily management once operations became stable and diversified our revenue streams in areas such as rental income, property inspections, and maintenance.

Seems to me that at scale, a portfolio like Luka's would indeed build wealth over time and open up options to transition into higher quality appreciation markets several years down the line, with the benefit of more capital and (more importantly) more experience.

I think the transition will be difficult due to the culture clash between the age groups. 

I'm currently located in Olympia, Washington, where I've began transitioning from a 15-year career as a Special Operations Army aviator.

Transitioning from one field to another can be daunting, but you've come to the right place to learn, grow, and connect with like-minded people.It's awesome that you've already dived into some real estate reading; that curiosity and willingness to absorb information will definitely help you as you figure out your next steps.

If you grow to more properties ever, it will be an easy transition. 

In my 50's a transitioned to Real Estate.   

If there’s anyone who’s done this strategy It’d be great to hear how it worked out, and how you transition from house to house when you’re holding the previous property you were living in.

Columbus has a lot of transitional neighborhoods, so it's also important that your PM works in the neighborhoods you are investing in.

The price to income ratio on SFRs in my area did not make sense any longer so I transitioned to STRs.