It also seems like it's best to reinvest the cashflow over decades to build wealth and set yourself up for retirement.

It's a stable market.

Real estate prices remained stable throughout the last 3/5 recessions.

So it seems prudent when making your business or job or retirement or vacation rental plans to expect everything to go into the crapper for a year or two every decade?

My hot take is that if you are spending $700k for a home in Dallas or anywhere in TX you are buying a luxury that you can't count on for stable pricing. 

Update...I ran the numbers and we are positioned to pay off our duplex in 15 years which coincides with our estimated retirement, and adjusting for inflation, the cash flow on that property will pay for 1/4 of our entire monthly expenses.

I agree that real estate is much more stable & resistance to change compared to stock market.

Title will be on both of us, morgage only on me.3) 31 years old4) a stable job at a large corporation that I started 6 months ago: $159k base salary+10% bonus+$15k special bonus+$16k in stock for next 4 years (vested annually); good health insurance5) $10k car loan6) no other debt7) pregnant wife (1 child coming soon)8) wife is a university student and still has 2 more years; $16k in annual tuition.

There are much quieter and more stable parks just a little to the north off Mt.

My Why became:  I invest in real estate to provide a predicable and sustainable income to allow me to retire at a robust standard of living without the fear of running out of money!