I would just be spending half as much and getting half as much equity.

Option 3: Find a better investment at this time.Stop thinking of yourself as a real estate investor and start thinking of yourself as a well rounded investor.Pay off your mortgage: Your money is not working for you when you spend it on liabilities like a personal residence.Buy Rentals with little/no cash flow: You are speculating what a rental will be worth in 20-30 years.

I would strongly recommend spending the money to meet with an attorney for an hour before you put anything in writing to your tenant.Good Luck!

I spend 1 hr (on the high side) per month managing. 

Nope - My strategy assumes that rates rise long-term, and calls for spending less than I make.

REPS requires you to spend over 750 hours annually and more than half of your working time on real estate activities.

My vacation market we are around $800 per night so the clientele is more family oriented and tend to spend most days in national parks or out adventuring.

How much are you spending on tax filings, anderson advisors, banking and checking accounts per year?

Or, can you spend a little (or a lot) more and find a home that you'll be able to move into sooner and with less stress along the way?

So, if an agent says that, its not something you should be spending your time second guessing.