(I know to steer clear of "gurus" but he did capture my attention at a young age).Fast forward and I am now 38 and looking to finally dive in.I have $20k put aside to "test" my ability with and I have a relative partner who can probably match that if needed.

Ultimately, we'd like to retire at a reasonable age, travel, have a legacy that teaches our kids about hard work AND money as well as continue to invest indefinitely. 

In three years I bought ten homes and retired my wife at age 42.

In my mind, this is much more closely associated with maintenance expense, along with construction type/materials, age, deferred maintenance at purchase, and last but not least, THE TENANTS!

I currently have one property in Statesboro my college-aged daughter has been living in that I will soon convert into a rental.

At age 15 he was able to do an owner contract on a 2 bed bungalow with an unfinished daylight basement.

I am brand new to this and want to make a lot of assets hence i don't want to work anymore, except to work to not work anymore.About me: I am 20, worked 2 different jobs since the age of 16, then decided to join the military (Army).

I feel very blessed that I have been introduced into real estate at such an early age.

Many people could care less if you ask and will talk openly about a disability but unfortunately our politically correct society is fixated on the lowest common denominator so this is unfortunately not possible.I much preferred the age of ignorance when people could actually communicate openly. 

40% of gross seems a bit high but if I do that with 100% occupancy we are still cash flowing a couple hundred per month after debt service.Trust me, depending on the age of the property, the expenses could even range to 60%+.