My tenant told me this morning that two items were broken: a foot scrub, and an "All Star Teacher"award given to her by her students.

Hey BP, I bought my first non-rental property; which the wife (future teacher) and I (current teacher) call home.

There's a ton to learn and a smaller multi-family is a good teacher.

My longer term goal is to be profitable and self-sustaining purely through rental income, enabling me to be active as well in development for profit.

My airbnb profile is a solid 250+ 5 star reviews, also as a teacher I have a significant amount of time off in the summer and holidays - so plenty of time to put in some sweat equity.

Based on what you wrote, I believe you have two primary goals.A dependable passive income that outpaces inflation and you will not outlive.Equity accumulation to enable additional investment property purchases minimizing the total capital required.If these are your goals, I recommend following the process illustrated below.In this post, I will only discuss location selection.

This enabled me to purchase 5 deals over the last 1.5 years.

@Stewart Gable you should connect with @Kenneth McKeown, he used to be a teacher himself.

Setting up keyword alerts for your area will enable you to be notified whenever someone mentions the keyword you chose.

I have also only had one problem with noise and my neighbors were quick to let me know.I use an exterior camera system that I can tell if there is more people than what is allowed.I imagine there may be a wifi enabled sound meter/device that can alert you if sound is over a certain dB level, but have never had the need to look into this.I also get a copy of the renters drivers license so I know who I am renting to.I also have a minimum age requirement that helps weed out a younger group that might be more inclined to be single and throwing noisy parties.