Even if the entire project flops I would be able to recover long term as I am young and enjoy the risk.  

I enjoy fishing,family,sports,and working on the computer.

Enjoy! 

I have to remind them that no matter how many houses one buys, you'll never have as much money as Mark Zuckerberg so it is better to quite while you're still alive and able to go enjoy yourself.

The deposit is for cleaning and maintenance AFTER the tenant vacates.

Typically, when I probe them that investment is a vacation home and not needed as a formal investment. 

I see them p*ssing away the money constantly on vacations and crap that is losing value. 

You just increased your net worth by almost 50k, get additional monthly cashflow while your tenants are paying your self eliminating debt down and you enjoy some nice tax benefits.

I really enjoy the science vs art part of it, seeing consumers improve over time, vs fall-back behavior.  

My goal here is to break even on cash flow the first 3-5 years, with gradual income increases, and enjoy owning a beautiful property in an amazing location, holding it while it increases in value, and any increase in income serves us well over the duration of our ownership.Your thoughts?