On the contrary, your assumption is completely out of place without even knowing our business model. I

Most Real Estate Agents are still in save/spend mode, which is where I think you are based on your statement of, "My wife and I are looking at making our first real estate investment outside of our primary residence".Your "own home" is not an investment...in any way shape or form.  

They are great cash flow providers in a passive investing mode Or look for a condo townhouse or an entry level sfr in Denver where cash flow will be better than your neighborhood My two cents

I can see how hugely profitable this model is in my city and want to replicate this deal as much a possible, especially now when interest rates are at incredible lows here. 

I was a bit confused by this model. I

Their business model is small towns, rural towns, weak suburban areas,etc.They look for local to regional businesses that have been there awhile.

*sorry, don't know why my @ isn't working...it shows hilited in typing/edit mode, but not when I post...oh well!

I believe in calculated risks, but am always in a learning mode to help minimize risks further.

But.. it's all part of the business model.  I

But I think if you don't have that end goal in sight, its going to make it very difficult to stay in that frugal mode and make all the sacrifices in time that we make - no matter how much we enjoy real estate.PAY YOURSELF!