My late start is somewhat justified as I as military for 25 yrs of my life and was never stabke enough in one place. now a retired at a young 46 , I feel I can secure a greater retirement much easier than the measly 2k monthly pension that came at the end of all that serive and risk!

Looks like 3000 people or so without much change over the past 20 yrs.

, I have learned so much just by browsing through requests on BP, that i did not in last 5 yrs. 

Live in existing home until it becomes impractical (will outgrow this house when I have kids in ~6 yrs ??).

We are using 401k funds for rehab so property will be free and clear in 5 yrs.  

Did not form business yet but idea is to redo everything and keep collecting the checks for next 15 yrs. my partner thinks it's not a good idea to change drywall sheets but change everything else.

I think it depends on the lender itself but from what I have experienced banks typically like 2 yrs of tax returns showing the rental income.

I started as a landlord 3 yrs ago when we moved out of my townhome and decided to hold/rent it.

As a contractor for 35 yrs, this is my take.

. $6k/$30=200 then 200/12=16.66(yrs).