Colleges are ripping off the American public and we are fine with it because we have always been told that it's the key to the American Dream.

Build home for 35k sounds like pipe dream

Snowboarder and skier dream for winter.

But - this is my dream to own rental property, so that is going to require my wife to be on board with living in another multifamily.OrB) buy the single family my wife and I want to live in for a long time and be done with buying multis for at least a little while.My strategy here is to get a multifamily to buy and hold and have passive income for a long time and yet still get the single family I want later.

Are so much things that would not be as good when the owners themselves wouldn't manage it.An other point if your buildings are so time consuming that you are busy with it all the time, then I agree, you should hire a pm........ my main busy time is the first month after purchasing the buildings, to get it running, but once you've set it up right, it should be very easy and non time consuming to wrap it up... it seems to me like I mentioned,  that people read a lot and then get caught up in their dream bubble,  and they put themselves on the same line with Grant Cardone or other huge re players, and they think they don't have time to manage....... work hard so you'll earn money to buy more dealsand even when you'll have 1,000 units and will be very busy, it is still cheaper and better  (for the ones that can handle it) to pay your own worker to manage it, rather than just giving it over to a different third party company. .Regarding your point about my friend paying the whole management fee, I am an honest  person, and that's why I succeeded till now,  and I don't know, maybe I'm missing something,  but the way I look at it is as follows, if we would pay 10% for a pm company, let's say it's $10,000 a year, I would pay $5,000 and my partner $5,000, so now if I manage the property I see no reason why my partner should pay my half....

OK...I'll give it a shot.  1 - Based on over 30 years of investing in RE, adding up all the hours I've been doing research, rehab, negotiating, team building, management, educating myself, training partners, discussing REI with (the number of different types of people is too long here to list), finding funding, marketing, driving (wow...that's a lot of time), meetings, sleeping on it (as in dreaming it),...and many more timed events, actions and etc...Phew!

Due to life events and bills always needing to be paid REI has always been nothing but a dream for me.

Martin, you have 2 cash flowing properties in the Bay Area, that's a dream, come true. 

So I have been dreaming of purchasing these properties for a long time.

hope y'all are living the dream!