Yes, they are projections as they are new, but the amount of due diligence and research that goes into those is so we can produce positive results for our clients.  

@John MichaelsThese are markets that have higher cap rates, lower pricing, and produce more cash flow.

STR's are the most management intensive way to produce cash flow on a property and Tokyo is 9 hours ahead. 

If by the time of retirement I have 10-15 income producing properties on top of my 401K I would be very happy.

Let’s also look at income, not just total wealth, since many folks, especially hourly workers, in the bottom 50 unfortunately, really can’t/don’t save much money or own income producing assets.

Don't listen to people who have never owned income producing RE.

So construction only lasts for 5 years, after that its just a refi every year which will produce an essentially tax free income of 100-120k per year.

You’re basically selling something that will have almost zero resale value so it’s going to need to produce one hell of a return.

I prefer a producer driven economy.I hope you guys keep commenting on this thread as I learn alot from your candid non curated opinions

A two-family where you live in one side and rent your other rooms to friends and then rent the other side (maybe even do mid-term rental or short-term) with a much lower downpayment is potentially a better producer.