That's a reliable strategy if you want to continue to work and retire comfortably with a nice sized nestegg.

One thing that helped me when I started was getting super familiar with the local market and building a network of reliable folks (like other investors and contractors) who could make the process a lot smoother.Feel free to reach out if you have questions about investing in Michigan or want to compare notes.Best, Travis

Save yourself the time and energy and reach out to local accountants. 

When it comes down to it, let’s say that the child support income is less reliable than you initially thought, and you decide to evict a tenant and collect the balance due.

AND this is crazy important because--guessing, presuming, and assuming are not how you get to reliable numbers for a renovation. 

Sellers view cash offers as more reliable, which often leads to a smoother transaction.  

Once you find a reliable partner for these there should be no issues having that trust and expectation. 

I have a condo in Lakewood, CO (26th and Kipling) and have been self-managing for the past 2 years and no longer have the time/energy/patience for self-managing. 

That is because they end up going a different route or not having the energy and drive necessary to succeed in the multifamily space.

The second is a reliable tenant segment.