And if you are trying to supplement your income with rental property, its gonna take a few units to make much difference.

The middle ground, is using a high quality/ full service management company that has a lower cost structure (more tech enabled) and can give you great service for around 15-25%. 

You'd have to check with customer service on compatibility with your particular units but payrange has great bluetooth-enabled apps for laundry payment systems. easy to DIY install with youtube videos. no monthly fees and low upfront hardware acquisition cost.

One being "rich in experiences" and the second one that enables the first is to live well within your means.I have always done the second part and it always amazes me how others don't.  

If you have a high Cash on Cash return then it enables you to reinvest your money quickly into other properties.So when we take all of this together we get the profile of the ideal buyer of this property: a real estate professional that already has a lot of cash on hand and believes that this market is going to be hot for the next 5 years.

This is especially true if you supplement long-term holds with flips that will fund more long-term holds.

Our very first goal - which I stole from the podcast/episode #2, is to acquire 5 rental properties over the next 2 years with the intent of having them paid off by the time we retire so we can use the income to supplement our retirement and pass on to my daughter someday.

But you have to WORK the meet & greet period, then be honest about where you are now, and what you’re looking to do in which specific neighborhoods [do your homework on local neighborhood value trends, time on the market, etc. so that you come across as someone worth a mentor investing her or his time working with]My local club was poor so I drove 3 hours to the nearest metro which had several, back when I was starting out as a wholesaler before law school enabled me to move up to commercial.

I agreed and stayed at home with my mom for another few years.That property basically set the backdrop for me to get experience as a landlord, learn how to deal with tenants, enable me to bank a nice chunk of change to buy my next investment.

I had a teacher in high school that used his 3 - 4 months off every summer to flip a house.I'd take the advice above... buy a multi-family in the area you want to raise your kids to supplement your income.Use the remainder of your cash (cash is king...