Need to do a more detailed analysis here but I would expect relatively low cap-ex in the next 10 years.Home is in a good area (on a quiet street but still walkable to restaurants/bars/parks, schools are average to above average)Expected rent would be about $1500/m based on quick analysis of current listingsOur new location we're moving to will be about 10-15 mins awayI would like to manage this property myself but budget for property mgmt anywayIf I get into this and HATE being a landlord, or decide owning rentals isn't right for me, I have 2 years to figure that out and at that time could still sell the home and not pay any LTCG tax on the proceedsShort term goal: Since my personal situation will inhibit my time and ability to pursue scaling a rental property business in the short term (say 5-10 years), the goal of renting this property out will be to pay it off as quickly as possible and let it sit there providing good monthly cash flow, or possibly refi to lower monthly payment and increase cash flow if the payoff timetable isn't short enough.Long term goal: I would tentatively like to scale into owning maybe 10 or so rental properties at my time of retirement (say 20 years from now) to provide good cash flow in early retirement, and to keep me busy.

Diversifying my retirement savings and finding a deal I couldn't pass How did you find this deal and how did you negotiate it?

we don't have a stable cashflow since we're just starting Or should we purchase it then create an LLC so the tenant downstairs can pay the rent to our LLC.

Plus larger city, possibly more stable market.

Whether this is the first or another one for the stable, well done!

Google semi-retired MD - He has a good post about this published just 2-3 weeks ago.

My good CPA retired a few years ago and his replacement couldn't hold a candle to his work.  

I learned that it will be helpful at the retirement time but I couldn't understand whether it will be good or not.

Which has consistently been the average retirement cycle of Americans.

., good credit, income 3X rent, no evictions, stable employment, and good rental history), then we normally take a deposit equal to one month's rent (as a property manager, I'd prefer to take more because it gives us more breathing room if things go bad, but we have to take what the market will bear).