This is roughly equivalent to our monthly cost of living, minus expensive vacations.

It is the equivalent of paying cash for an auto at $5,000 then saying give me an additional $300 a month indefinitely!

We have an emergency fund equivalent to half our annual income.

It is the equivalent of planning to be struck by lightning and surviving. 

Alot of investors tend to go that route, since it is easier to pick up the best prices with a cash (or cash equivalent) purchase.

Quote from @Wilson Hunter: I don't know why someone would hustle to get a million bucks cash by 40 and then spend it all to produce the equivalent of a passive teacher's salary (syndications).

What's the cost to build next door an equivalent property?

I think what I'm getting is a house in the Frayser(38127) equivalent for Kansas City.

A fresh coat of paint is equivalent to that "new car" smell :) It makes you so excited and more likely to go for it and it just feels new. 

We have looked at Roofstock as the SFH investing equivalent of Fundrise.