I want to do long term buy and hold investing of rental properties so that I can have an additional stream of income at retirement.

The other half of the house brings in monthly rent, but a new mortgage with PITI would be $500 more that the one rent stream.

Yes I do live by the mantra " Happy wife = Happy Life " BUT we also have a mutual respect when I say we will not do this for these reasons at all OR We decide not to do them at this time but at a later date.I have finances constantly on the brain but we still enjoy fun things I just try to eliminate expensive purchases based on impulse control where the likely outcome is regretting it later.Sometimes the definition of love is saving someone whether it makes you popular or not from making bad decisions.

The income itself isn't region specific, but the price you should pay for that income stream is.

She is constantly fielding calls from out-of-state and out-of-country investors doing due diligence.

Hello all, Brent here, 27 year old fellow from the caribbean island of Trinidad and Tobago who always was intrigued on making multiple streams of income and I have been told that real estate is a very good venture.

I'm also from Long Island and and constantly lurking on this site.

My experience with tenants that are constantly late is there will eventually be some financial event that put them behind to the point where they will never come back.

Keep in constant (daily) contact with your closing coordinator, and you should be fine.

Not sure why I'm writing this - just a whimsical stream of thought that I felt was worth solidifying into words.