The question you need answered is, "how do I achieve financial independence", full stop.

We stopped using the water for anything but washing and planted grass in the yard.  

Just I would not stop there.

I want to start my investment venture in real state.

I would venture a guess that a slight cooling of the market or change in real estate (natural market cycle) would effect the higher priced homes first.  

Upon viewing your numbers I stop and wanted to view post you previously made. 

I chose to venture down the path of a real estate agent because it requires less money to start-up... and it becomes very difficult to qualify for conventional loans without a solid employment or credit history. 

Once you have mastered your trade, don't stop learning.

@AdamYou are venturing into the hottest and most competitive niche in multifamily.

Thanks, Mark and Guyoz.This would be my first venture into real estate investing.