Although Im not saying that’s always the right call, if you care about monthly cash flow and year-round sunshine, Phoenix can look mighty appealing.

I don't have to worry about collateral casualties from a round going through a wall, like with a rifle, and the best thing is the unique sound working the pump makes.

@Peter Mckernan This is a great well-rounded perspective, Real estate is one of those fields where no two deals or markets are exactly the same.

Actually, a friend once mentioned a unit in Eugene that had to be re-leased after a nasty storm tore off part of the roof.. it’s gritty, hands-on stuff like that which rounds out your perspective.At the end of the day, you don’t need a flawless blueprint to get started.

I answer these questions for my clients, year-round.

The house is also furnished with a solid wood no spring couch, and a solid wood round dining table, and a king sized bedroom set in the master.

Grad students are good too and we still get them sometimes in our year round properties.

I’ve helped several clients in similar situations find their first vacation properties here in Florida, and the Panhandle is fantastic for beginners because of its year-round tourism and robust support networks (property managers, cleaning services, etc.).

If we wanted to round up to 5 months you would really need $10k - $253*5 = $8,735 out of pocket.If we stopped right there and decided to cash out until maturity we'd be looking at 43 additional payments of $253 / month since we already used 5.

My take on this discussion is this:Anyone can take whatever time and effort they want to argue that it doesn't / can't work (it does / can), or you can just do it and enjoy the benefits.It's not applicable to every situation - stop trying to force this square peg into a round hole.There's no "secrets", no "magic" to it.It's meant for situations where the way it works can help someone achieve their financial goals.