Anyone can achieve their dreams.

I will contribute initial capital of $20,000 to start buying, will contribute $10,000 per year, and will roll all returns from existing properties into new properties until I have achieved my goal

Having done exactly this for 30 years & with what you are currently achieving, by the time you understand ROI etc (as well as my old Finance Prof.), you will wake up one day with a NET worth well into 7 figures!!!

If real estate is local (which can be city to city), why couldn't you achieve diversification in other surrounding cities?

Under achievers or under coached.

At the very least houses bought for cash-flow should keep up with apartments because investors would buy them as investments if rent goes up and cap rates compress... plus you have that large pool of people that want to achieve the American Dream of Homeownership.

Tod, I can give you some firsthand insight since I am a college student and I also own rental property.

Achieve a high summertime cashflow, and expect a wintertime cashloss, especially since the WI property tax bill is due in January.Make sure you explain to the tenants that heat included is not heat unlimited and they have no control over the temp.

these are some pretty fasciniating things ive read on here,makes me acutally feel like a loser now i guess,but ive got to keep going,im glad to you that alot of you all didnt stop and let any obstacles get in your way and kept going to achieve success.......quite jealous that i didnt stay on track ...i see the best thing to do is like nike and "just do it"

I don't have any first hand experience with the thing, but it does look like a good family pet...