If your partner is a contractor and wants to keep busy, that could be a different story, but I at least consider looking at long term ownership plans and flipping as very different businesses and a lot to learn on both, so not sure I'd risk losing money and time dealing with flips. 

The 3rd thing that has reshaped my entire opinion of the tax advantages of real estate, is seeing my 88 grandfather holding five quite valuable illiquid properties, long story short it’s a mess, it’s causing family drama, he is in zero shape physically or mentally to manage them, the all have cap-ex needs, again these were amazing buy’s literally multiple properties he bought for under 50k that are now worth over a million but there is probably a time and a place for owning real estate, so I don’t really have a need to own more than maybe a few properties into retirement.

Elijah tells a good story but that is where it ends.

Quote from @James Janotta: Hey just wanted to hear of any recent success stories you guys have had with high interest rates and FHA loans in 2024.

It's quite ironic when you think that Tulum has regulations preventing from building more than 3 to 4 story highs and from building on 40% on any buildable lot.

I hear all these stories of people retiring less than 5 years into it; that would be great but not a deal breaker if it doesn't happen that way.

While I don't have any horror stories, per se, I have heard of people having a tenant for a year then causing $20k in damages upon move out, while skipping town to not be found again (this was a CA buyer buying from a turnkey operator in AL).  

I hope to get my first property in the next year or two and interested to hear others stories.

I shared my story in the Bigger Pockets MTR book actually!

If you were simply leasing the home TO an assisted living business, it would be a different story.