Even the "successful" ones (or any investor for that matter) lose money, but they just win more than they lose. 

Leave or stay it's a game I like to call Melanie Wins.

If you leave it up to them to figure out, they are probably never going too.Another strategy could be to Lease the entire portfolio with an Option to purchase for cash (or terms ) after they pass away.

I know about HML and PML, but Jake’s program seems to go into a lot of different creative strategies.

Still, if it needs constant reno/repairs, just make sure its worth it and you've run your numbers properly.Yes, it really depends on what sort of life you want to lead, aswell as your investing strategy and goals:Just assuming that half your gross income goes to str related expenses and maintenance/renos, your yield on equity is about 6.9%. 

You’re definitely starting off with a great strategy. 

Only the wins generally speaking.

Single family, condos, townhomes, multifamily, vacation rentals.I'm interested in all and am ready to find which strategy will fit me best.Thank you!

I'm wondering if there are other strategies we should be looking at other than multi-family for this market.We have a lot of experience with multi-family and we're good at it, but it's a different market here.

All things considered nabbing a deal that will be cash flow positive in HCL area is a win..