Im probably better at it than people naturally built for it because I work hard and have to make a conscious choice to be successful at it as opposed to some it comes more naturally to.

You would incur holding costs and other costs that would not be in your rehab.Paying for two sets of closing costs on traditional mortgages would eat heavily into your numbers.

. $50 a month) and the rental market tanks so you start operating a negative cash flow which means you're eating into your ability to save.If you have buy weak, a downturn will affect you.

But if you're trying to retire in 5 or 10 years, that's a GOOD thing, and if the only thing getting in the way of retirement is those pesky mortgage payments eating up so much of your rental income, go for it.If you want to imagine a simplified model to retire on rental income, it would start with a higher risk higher leverage acquisition phase early on, a middle phase of optimizing -- 1031 that "meh" property for something good, stuff like that -- and then it would end with you ceasing proactive acquisitions (unless some great deal falls in your lap) and paying mortgages off to maximize cashflow as you ease into retirement, probably paying them off lowest balance to highest balance.Unlike 401ks and IRAs, the government isn't in charge of when you do this, so no reason you can't do it in your 30s to 50s if you can pull it off.... there are people who post on these very forums who are in their 30s and could enter that end-phase if they wanted to.

The latest agent I am working with is showing us properties that are in up and coming areas and have already been rehabbed but essentially break even or net $100 a month (265k price points and appreciation would be expected.)We are struggling with continuing to buy retail properties for how much it eats your capital for small amounts of cash flow.  

They usually charge a flat fee for a determined map boundary area, and then more if beyond.On the driver note, I tried to get my adult daughter interested in Uber or even Uber eats. 

The Bible says if a man “ won’t work “ he shouldn’t get to eat .

A deal that size is certainly worth it if you can get a large enough return on your money, but HOAs eat profit for breakfast, although some investors make it work.

“Rich” could be a large sum of money, while I imagine wealth as you describe it, to bring that passive income, like trees growing, vs a hamburger that is only good for a bit, but once you eat half of it, the other half is only going to last for so long.

So I am much more conscious of wasting agents time now that I don't have MLS access.