So that's what I do.Makes sense to me, especially since my wife and I enjoy traveling, we don't have to stay tied to a place, although she has been talking about wanting a base :SAndrew

Now I am going about what I want which is to be independant i the workk world, move to the Carolinia and enjoy as much as life as I can.

It's great to follow your dreams, do what you enjoy, but be realistic too.

Here's a few links that you might enjoy if you haven't seen them yet.

See how you like being a landlord, if you enjoy it you should have the ability to leverage yourself into a lot of units very fast but if you don't enjoy it than you should be able to liquidate and still come out on top.

Enjoy the ride while it lasts.

So why not buy a not so well maintained home for 560k and renovate it and enjoy the newer upgraded home.I feel from a buy and hold point of view it will be much better to pay more for an already upgraded home as all the upgrade costs are being paid for by the 30 year loan which comes with tax deduction and you pay it off with de-valuated dollar over time.

Minimal repairs: 15k, ARV 100kAdd a bathroom plus necessary repairs, min-avg quality 30k, ARV 130kAdd bathroom, repairs, plus higher end stuff in bath and kitchen 45k, ARV 160kIf your numbers are reasonable, comps provided, one might expect buyers would enjoy working with someone who went through this effort... and look to do more business with you.

Add bar top and enjoy yourself.

My attitude is to forget work/life balance while building the business and just focus on working hard, developing processes and improving efficiency, so that once you have things running efficiently, you can then enjoy the work/life balance.