For example, could you afford to hold this property vacant indefinitely on your W2 income?

My favorite days for managing is between the 1st and 5th of the month:) --all those checks coming in definitely make it enjoyable!

None of us would be driving cars if the car makers set out to make the "perfect" car before selling them.Plus, even if he does find the "perfect" area to farm, if he doesn't have the right message then it still won't work out for him.So, I say just get it going! 

Theoretically, you should be able to do this indefinitely and keep pulling the equity to buy the next one.

Like you I plan on holding on to this property indefinitely and was tired of the carpet issue. 

Travel in the JET age is one of the great things to do.15 hours your on the other side of the world.. so for 1k for a ticket your gone..you can get cheap hotels here for 20 a nice and food etc.with your Bay Area winnings you should be able to live indefinitely over seas  LOL

The fourth unit is rented by a long term tenant who is welcome to stay indefinitely and agreed to a 10% rent increase, no renovations required.

My dad's financial situation is pretty good: he has a $1,000/mo small mortgage on his primary residence, owns everything else in cash with no other debts/loans, and also has a $10,000/month income from his work that will continue indefinitely as a pension of about $8,000/mo when he retires in two years.

I think the time to buy is when you find a great deal on a place that you can afford to hold indefinitely.

I guess like your car making a sound and once you get to your mechanic, it stops.