It has been about 3 years now and we've gained about $5,000 in equity through payments to principal.

What about more passive investing where a PM does all the work?

If you can make it you will gain a lot of knowledge and make some good contacts.

I recently decided that I would like to start building passive income through real estate investing.

- Do you plan on renting them until they are paid off and just get passive income for life?

I am looking at the various options for develping passive income(s) that will allow me to transition from my current field when the time is right.I've been networking a bit locally and have exposed myself to this investment segment enough to where I feel I can have an intelligent conversation on the various opportunities that are out there.

Whenever there is a bargain to be had or profit to be made, investors and businesses should step in, buy up the bargains, offer lower prices in order to gain market share, and effectively make the prices more fair to consumers (in this case, renters).

Since I am assuming you are only getting the $2,500 rents from the 2 higher priced units that leaves you negative $644/month.However if you are renting right now and are paying more than that it could still be a net gain to you monthly while getting some added tax deductions and building equity in a property.

I am planning on buying my first investment property later this year, it will likely be a rental property unless the unlikely event of finding some outrageous deal that I can flip and make a nice amount of cash occurs.My goal is to create a nice passive income or so while also building my overall net worth.

I will buy something else much larger maybe end of this year but will have such a size to be passive with it except for local PM check in for reports bi-weekly or monthly.