Enjoy that well earned retirement. 

If you can manage the relationship to lessen turnover frequency and get a similar return as large landlords where if they took the same approach as the large landlord they would earn LESS.

@Reeti PeshawariaIf it's a desirable place to be you can STR within structure of the current rules.

So you might be living in the US or in Europe, investment properties are bought to outsource and earn from the cashflow.

In addition lower rents will decrease the value of a property, not necessarily its appraised value, because no buyer will desire to pay retail for properties with reduced cash flow.

Keep moving the goal posts back until the desired outcome is achieved. 

Either way, you are taking the RIGHT steps, you have the desire; that’s obvious.  

My interest in real estate came from a desire to have stability and time/financial freedom.

There are several different types of income in the US tax code.Two main types are “active income” and “passive income".Active income is money you earn from working, such as wages from a W-2 job or income from running a business.Passive income is money you earn from investments like real estate, stocks, or rental income from your RE portfolio where you earn $ without actively working.Normally, you can't use passive losses (like losses from real estate investments) to offset active income like your salary from a W-2 job.That is unless you are an RE Pro.The reality is, that Real Estate Pro status is just a filing status similar to filing married or jointly.And if you are a real estate professional you CAN use passive real estate losses to offset active income from other sources.To qualify as an RE Pro you must:1.

If you’re looking to make real estate your new job and to earn cash now to use and live on like a job, then go for cash flow.