The only caveat I would add is that you should be able to make the payment out of your day job salary, ideally with a bit of principal on top of that. 

Rental Activity Eligible for the QBI Deduction Under the Tax Cuts and Jobs Act (TCJA) tax reform bill, you can deduct up to 20% of your qualified business income.

I am 15 minutes from Disney, with normal traffic, and have a nice place with full 5 star ratings and we're just battling the bottom feeders here all day long. 

Once the money is back in my account I'll send the rent money'-'My car ---- the bed and needs fixed'-'The storage facility I have some stuff in charged my credit card 10X what they should have'-We had an unexpected bill'-'My credit card/debit card/bank account got hacked' (this one has happened multiple times to different tenants)-'I got another job that pays better'

While working, I shifted my focus and started doing BRRRR projects on the side while maintaining my 9-5 job.

I have clients/investors who do M/STRs but its a full time job for them. 

Hi everyone,I live in NYC and purchased my grandparents’ house in Baltimore, in Ednor Gardens (nice area close to MSU, Montebello Lake)  July of 2023.

Congrats, but do not forget about Purdue university communityVery nice community and campus

It's relatively affordable, strong tech and industrial job growth, landlord friendly, low property taxes, and not state income tax. 

How about this one.....Scenario 1: An investor owns a rental property that has 80% equity (increasing rapidly due to 15 year mortgage) and nice positive cash flow.