Her electric bill is small and she has a son who gives her plenty of money to eat.

However, it was a valuable lesson to enforce the adage “trust but verify” as well as to not keep all our eggs in one basket.

I'm salaried which makes it easier to justify taking a call when I need to, since I work through most of lunch and eat at my desk.Also divide the tasks, I know everything about half of what we have going right on right now.

I think that depends on how much the down payment and FFE costs are and how much of his nest egg he's putting in? 

If you are going to embrace INVESTMENT real estate, especially if the goal is financial freedom, then you should get ready to eat the whole enchilada.  

Costs to maintain these luxuries, however, eat away at the limited investment capital one has as a new investor.

In 27 years if you have some massive appreciation, and don't want to eat the tax bill, that's easy too - you just harvest out your profits at (hopefully!)

That's something that was eating at me honestly. 

You probably can't have your cake and eat it too.

It probably would help if you saved some money with wholesaling or being a Realtor so you can create a nest egg to use if needed.