Recently I’ve been catch a ton of flack on this forum for suggesting things like:1) Maximizing leverage while carrying hefty reserves.2) Buying for appreciation in western markets.3) Buying properties that barely cash flow (for appreciation) and following each up with a STR to supplement cash flow.I feel like the general vibe is hesitation.

And then extended to 'how will I supplement retirement?'. 

Our future goal is to have cash flow income but we heard and read that at the beginning we might need a quick income to supplement our savings first.

In the end, all marketing pillars supplement each other. 

Check out "2017 Certified Data Files with Supplemental Changes (Comma Delimited)" at the top.

In any case, I know of one guy who retired earl, is traveling around the world with his wife and kid (not glamorously but on a pretty low budget), and is basically using OOS rental income to supplement this lifestyle.

Quote from @Will Bungert: I'm a 24 yr old early in my career in corporate finance working for a CRE brokerage firm and I'm interested in getting a real estate license to 1) learn more about residential real estate markets before I begin my investing journey and 2) potentially earn supplemental income as an agent.

@Jon ReedWell said, and I agree with most of your reply on the thread - except the part about moving your holdings into bonds.Selling off a portfolio is tricky, cap gain rates are brutal, and if you are a 60 year old investor with good cash flowing rentals that supplement a retirement, why not just keep them and work to develop a tax minimization strategy, and who knows maybe you will live to be 90!

Live off your W2 (until rental properties supplement that income) and get side hustles.