If I am the average consumer that has no working knowledge of a house, is it too much to ask that my RE professional, have some working knowledge?

As for goals I don’t see my self in my current field forever.

Another Buffett's quote is "Our favorite holding period is forever".

@Maksim Easley  This all depends on your financial position and comfort level but I always advise those who can to go as big as possible.Single family is very difficult and time consuming to scale from a rental standpoint.Several ways to get started are to invest passively with an experienced syndication, partner with an experienced operator or hire a mentor to help you.

HVACh units last for ever.  

Personally I downsized, I moved from a big house in the country to a very average home in town, I keep my vehicles for ever,, and I watch what I spend money on.

That's not a guideline, it's just a product of the math specified in the guidelines.Once your net rental casfhlow is 2.5x your personal housing expense + all consumer debts, you can carry on getting Fannie loans without any other source of income.

This will change the Real Estate investment landscape forever.

Consume as much information as possible.

Somewhat of a newbie here and would definitely appreciate any insight.My wife and I purchased a home in 2015 as our forever-home for $520K, current guestimated (zillow) at around $625K, with a balance of $430K.