It is not used in conjunction with their laminate products, so it's confusing as to which product you are talking about.In areas prone to liquid spills or moisture (such as kitchen, bathroom, laundry, basement) the TrafficMaster Allure Ultra (or something similar in another brand) will serve you better because it is 100% waterproof, clicks together, floats, and if one piece becomes damaged it would be relatively easy to replace.

What convinced me to choose this area over other candidates was the local news they stream over the web.

If your goal is to get off the treadmill and stay off, you need a reliable income stream.

When choosing a rental property, focus on properties that have a positive cash flow and will provide you with a steady stream of passive income.Look for undervalued properties: Look for undervalued properties for various reasons such as being in need of repair or in a less desirable location.

Instead of constantly optimizing for the best returns, I want a steady, long-term income stream that I can set up now and benefit from for the rest of my life.When you mention net present value, are you talking about the value of money now vs money in the future?

Use this to level out your income stream.  

And at the end of the day, I am trying to create passive revenue streams, not active.

@Leandro Gabriel Chavarria you got some great responses, and I'll also add the following from a much bigger picture perspective - I think folks usually have some other income stream on top of their rentals, whether it's a part-time job (theirs or a spouse or a family member); social security (for folks eligible for it); dividends from stocks; something online; etc. 

It is also a great way for an owner to earn an income stream from the property without having to do the physical work. 

I know that I would still have to pay the property taxes, so I would structure it, so that the property taxes are paid first and the remainder is divided up into monthly payments over 20 years or so with maybe 5% interest, so that they are getting a reasonable stream of income every month for nothing.