And, if the properties are truly profitable, I want to roll the accumulated earnings into more properties.I self manage, and I'm willing, for now, to put in my labor for free.

Now, if you're willing to self manage, you can earn another chunk of money from the rental.

I strictly forbid them from any self-repairs or permanent modifications to the property too in my lease.

As long as you believe you can confidently generate a return with that cash higher than your financing rate, then it's a smart play in my opinion.

Like the vote of confidence Justin Silverio

@Will Barnard We're kind of saying the same thing, except you're saying it plainly and I'm my usual stuffy, academic self.

With that said Ill definitely consider what you've stated because I am interested in speeding up the process so that I can eventually quit my w2 and focus on being independent and self supporting.

Also, sometimes the beginner has the right idea and just doesn't have the confidence they're right.

Purchase Price: $174,900Mortgage: $838.89 with 20% down @ 6% and 5% closingCash Outlay: $43,725-Income-Rent: $1900/month (optimistically)-Expenses-Maintenance: $190/monthVacancy: $190/monthProperty Manager: $0 (self PMed)Insurance: $115/monthTaxes: $510/month (ouch)NOI: $16,860CoC: 1.54%CAP: 12.52%Profit: $27.99/door/monthI would have to offer $130,000 on this property to make $200/door/month.

Don't drive your family and friends by telling them, "I own that property," you are not a Tour Guide.And one of the best things to do, IF you are going to self manage, get to know a few of the homeowner neighbors.