The back end DTI ratio does not include things like utilities, health insurance or groceries.

I worked with a partner 50:50 who had much more experience but multiple contractor issues, health issues to my partner, and high crime in the area lead to most of my capital being tied up for 9 months with no profit to speak of. 

So yes, I diversify investments, but into my own companies, not into something run by another usually.Though all roads can be paved with failure, do nothing is sure to lead to failure.I think the big lesson here is that you HAVE to watch your own portfolio numbers and know what they are so that you know the health of your money and what you should be doing with it.

Older investors are higher health risk and might use covid as a reason to finally get out of the game.

She is still in good health, and she earns enough pay to pay about $400.00 per month in rent.  

I've seen my loved ones work into their late 60s just to then have health problems and not be able to do all the things they wanted to do in retirement.

This will help ensure we are covering the costs of any lost benefits, mainly health insurance.  2) Live for an entire year on just the rental income and bank the W-2 income. 

Maybe for some folks but 10k a month does not go very far when your paying your own health insurance have a car or two raise children put them through collage etc.   

Has to meet health and safety codes to close in 11 days as you won't find a contractor that fast. 

It will cost you more in premium initially, but it will benefit your financial health on the long run.