Now I have over 5 million in RE and 2.5 million in equity, since my first little condo purchased in 2011.I now have $120,000 tax deferred cash flow in my pocket every year and as a teacher I make $60,000 a year at a Catholic School and as an adjunct Professor at a community College here in San Diego working 60 hours a week and my wife makes $20,000 as a special Ed aide in the classroom in the public schools in San Diego. 

Its both, but so is any other real estate investment---if done right--NNN might be the closest thing to an exception to this rule. 

Using a more broad, flexible expense ratio like that aids in the process. 

Do you suggest just heading to the closest Home Depot or Lowes?

(Not assisted living or anyone requiring medical care that cannot be accommodated by home health aide) 

Doesn't matter what sector of RE one is in, everything is correlated.a friend and I have a saying, "trust the vendor, trust the numbers"we cannot decide on an individual basis whether or not an investment makes sense, but we can as much as possible vet the people behind the investment, and if they have a good track record and seem to be on the ball about their projections (conservative forecasting, and concentrating on return of capital first and foremost) , we can trust the numbers they present to a degree but syndication investing is still not truly passive, but it is the closest we come to it in REI

The closest thing I had comparable to this was guests who smashed windows, bled everywhere, and left $6,000 worth of damages, used a fake ID with airbnb, and disapeared into the night.We filed a claim with airbnb, and after 3 months they reimbursed me 100%.

With a mechE degree you double your earning potential(granted you may have loans, but instead of saying I can’t go to school, think about how you can manage school and minimize the debt you get) Even if you get no aid(FAFSA), scholarships, etc, id still suggest working a part time job and cutting costs anywhere ya can, get through school and come out with that overpriced but important piece of paper.

I’m assuming the properties closest to the beach are highest cash flow.

I could go into great details on adverse possession/easemet but I fear my analysis/discussion would aid in your quest to acquire this property.