After living in the house for a year to satisfy the primary residence lending requirement, we move out and rent the entire house to start cash flowing.

If you intend to keep it as an MTR you're going to have to adjust either the product itself (make it more durable and priced accordingly for your oil field workers IF they want the type of property you're offering) or find another customer type to market it to like insurance placements, families relocating or corporate rentals.

And, as others have said you'd,  have to have either a partner who was satisfied with a considerably lower return than would be available investing on their own or you'd have to be finding off-the -charts-good deals. 

Plus if you are wired in a way that allows you to build a portfolio (you are a hustler) you will not be satisfied being retired, but rather look for a new "job" you enjoy - might as well start with that!

Hi y'all - I am trying to find a carrier that will insure an owner occupied 4 plex under a homeowners policy to satisfy FHA loan requirements.

If you can't answer that question: you're not ready to build that level of wealth without sacrificing a lot of things that could possibly make you much happier and a more satisfied person.Do you plan to have a family? 

If so, almost no banks will lend on an investment property that is vacant, as they want to have assurance that an income stream is established.If you have the means, a good strategy is to purchase with cash, rehab, stabilize with tenants and then once you have a signed lease agreement (or have satisfied the bank's seasoning requirements), you can then refinance to pull most if not all of your initial capital back out.

We weren’t satisfied our current property mgmt options.

I took a week off to satisfy Patrisha's desire to remodel our house (see the pictures here).

Check out its durability and then decide whether you are replacing it or painting it.