Can you be financially free, sure, consider if you are buying real estate you will no longer have stable income to get a loan.

You need a designer who understands maximizing income on properties, or you need to understand it and be able to sketch it out. 

Often, it will also need work.So, that is causing investors to lower their standards and buy Class C & D rentals.Problem is, most investors apply Class A assumptions to these Class C/D properties - and then blame everyone else when they don't get their "expected" results.Check out copy & paste info below for more dtails:------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

We are still seeing a majority of properties be cashflow positive from Day 1. 2) There is no state income tax in Tennessee!!

I require 650+ Credit, no violent crime or theft, 3X monthly income, and no prior evictions.

@Chris Pratt Since single-family houses with ADUs are not considered commercial properties, they are not priced based on income or cap rate.

It’s still relatively affordable compared to bigger cities, has strong rental demand, and no state income tax, which is always a plus.

@Alex MessnerIf you're weighing whether to rent or buy with significant student debt, it’s important to consider your debt-to-income (DTI) ratio and how it impacts mortgage eligibility.

They can have a hard time coming from value add assets and having made a good amount of money to now placing it in an asset with fixed rents and a percentage return but nothing else.These tend to be better suited to retirees, those that have been active but now want passive, high income earners that want a set it and forget it approach,etc. 

Listen to Brandon Turner's podcast where someone he interviewed shared how this made a HUGE increase on her income: https://open.spotify.com/episode/1bS4eL80KL1rWY4vyCMjXh?