Purchase price: $300,000 Cash invested: $10,500 My first investment.

I'm also a licensed agent in Colorado and that money goes to my "wants" like special trips, gifts, and money for my future rental properties.If I wanted to 100% live off my rentals and have no issues or concerns with money (reasonable quality of life), I'd want to be closer to 25-30 rental units.

The deal itself was only mediocre cash flowing about $400/month.

@Ali S.What's the monthly cash flow for each of these properties? 

You can decide how much cash you want to pull out so you are still cash flowing. 

I drive a 95 nissan pick-up, Paid for, good milege Why spend 50k on a fancy car that will go down in value ( not counting collector vehicles) I would rather spent 50k on a down payment on more real estate for more cash flow

I realize that selling a cash flowing rental is open to criticism.

Purchase price: $690,000 Cash invested: $300,000 6/6 two family detach house in HOA at 77 monthly.

Very quick and simple read that boils down the importance of investing in cash flowing assets such as real estate.

If you can positive cash with today's interest rates, and you buy in a growth market, then you'll have a winner.