We just can't drive a mile and find cash flow properties but that is why ultimately long term these hotter areas do reward handsomely....near lottery winning type of handsome.

Therefore renting out our two rooms and cashflowing out handsomely on deal one.

That Richard K is a handsome fellow.  

I am happy to hear you are living proof that hard work after my Lab does pay off handsomely.

On the other hand some people will spend more money on a property simply because "they can".

My guess on your folks long term success would simply be the magic formula of rising rents over time, reducing debt (and increasing equity) as your tenants pay down your mortgage, and in, many areas, handsome price appreciation....Over the long haul it has been an effective formula for many investors even if you can't articulate it (the home prices and rents have just gone plain gone up over 30 years...)Best of luck Philip....

On the other hand, some landlords on BiggerPockets own rental property at locations far away from where they live.

I can't have the cost exceed the benefit.The house is in a handsome homeowner neighborhood in Baltimore City, popular with first-time homebuyers.

Landlord is a "JOB"...but....it is FAR less time consuming than most jobs and pays handsomely for the time invested.

But again, you received the correct amount plus a handsome compensation for emotional hardship.