I have been investing in NYC, Brooklyn, specifically, for 21 years.If I had EXACTLY that same thought, about selling my property and moving to a lower cost of living place, I doubt I would have achieved the same level of wealth that I have now.As an example, in the year 2000, I bought a 2 Family home for $140k with $21k down, $7k closing costs.

@Michael Hudelson There are a lot of different ways you can get started in the business, all of which require a different level of your involvement.

Again, others might feel differently here.3) property level due diligence: (takes seconds to weeks per deal): here is where I drill in with the low-level details.a) pro forma popping: I examine all the assumptions, and see if they are overoptimistic or not.

That will increase your W-2 wage, but you also get a deduction at a personal level.

It's 3 level 6 unit.

Can get 2% every now & again here as well but remember, the higher the % you go up the higher the risk level is.

- Met a person at my local Shop, I am not sure how the conversation advanced to the level it did, but ultimately, I learned he is from FLORIDA and lives in P.A.

You are probably better off buying something turn key or rent ready which you don't have to put a lot of time and energy in.

Again, you must get involved, and that will take time and energy on your part.

Do you want to spend the time, energy, resources and take on the risk of trying to pull that off?