I have posed this question to them “Are you people going broke ?”

Above $150k is also tough because there are only so many areas that will command price points $200k+ and only so much demand from end buyers.That said, I know people that do it and do well with it.

I not only joined this site for the knowledge, but in hopes to find a community of like minded people that are interested in helping others to grow.

Well, regardless of experience, people are going to assume younger people are not as qualified, skilled or yes, even experienced (haha, I know it is goofy!).

People expect more. 

I work with people to sponsor deals with them through syndications (and even JV's at times) and have a Multifamily Accelerator (link above) to teach and work with people on their deals.

It always intrigue me that people are willing to do house hacks without an ADU or an additional living unit.

The other issue is the time and energy it takes to sort this out if you end up being reassessed (some people never have it happen.)  

I dont think these things are hard and fast.. to me look at whats left after the rent is paid is it enough to really live on.So if rent is 5k a month for instance that means tenant needs 15k a month in income pretty standard .. well that tenant now has 10k a month to live on.. most people can make due on that.so if this tenant came to me and only made 10k a month  2X the rent I know they have another 5k a month to live on so sure that works.where this is important is in lower income low rent areas were rent is say 800 a month and 3X is 2400 minus rent leaves 1600 a month for EVERY thing else can you live on 1600 a month ???

Hi All,I am planning to invest in a house where rent vs own ratio as below:Rent 16% & Own 84%Is this a bad thing that there is only 16% of the people renting or is this a good thing as there is less people who rent so quality of tenant will be high ?