I'm only barely a millionaire.

The truth is, over the last few years, many of these people are barely cashflowing at all and the default rate with the banks on this product is skyrocketing.

They barely lasted in California (they are based on London).The challenge is (1) you are assuming all listings have open houses and (2) there are a lot of moving parts that can happen behind the scenes.

Only 100k for all your work barely sounds worth it, with all respect. 

Lately, the Northeast can be all over the place..one year you barely touch the shovel, the next year you’re drowning in snowdrifts.With four units, the liabilty is no joke.

Not that those aren't great options just in case, but I just simply wanted to buy the house and rent it out on my own without jumping through hoops to get one while I am barely just starting and getting experience.

With that being said, the interest rate is going to be the single biggest determining factor for whether you're barely breaking even, or seeing a decent monthly cash flow.

And even yet, it was ever so barely over that line, were talking like $20/$50 mnthly net..

I am not a tax adviser and barely graduated high school so I am not sure if I would listne to me. 

What you’re counting on is even a slow rate of appreciation, say equal to barely inflation, called it 2-3% being multiplied by 4 or 5X because you only put down 20-25%.