But the point of education is to make your life rich, not to make YOU rich. I

Hi @Brent Coombsthe Asking price is 75k and Im thinking of offering 50, I would put down 20% to save on the PMI, similar homes in the New Port Richie area have sold for average of 65k, the rentals are about 1000, the listing says it has a roof violation, so I put in about 7K in case I have to replace it, it also says it does not require flood insurance, so I'm leaving that out of the equation, also the cap ex does not include property taxes but it includes maintenance and I also budgeted for a 10% management fee. 

Rich,I truly believe you would be willing to deal with those repercussions.But I'd bet many others are not as resource strong, and would be much less willing to deal with such.Also, the example I have does not get covered - I have not been wronged by the BP member mentioned above but I am aware of the wrongdoings.

RichI would not have thought that 2/3's rent was reasonable.

I do not want to be super rich. I

I work in an industry that is completely unrelated to real estate, and I make a healthy income that would probably be considered upper middle class (though I'm by no means rich).  I

The DNC has been the party of finance and Wall St the last 15 years so I don't anticipate these people pushing out a tax plan that hurts the rich.  I

Avoid in in all ways.No matter how rich I get, I will apply this rule.

But to say that somehow anyone who is not rich is their own fault is the BS you are being fed by the system that wants you to remain blind.

Once you've reached financial independence, then you can go u more on the appreciation play which is subject to larger swings and less controllable.I think Jacks points are valid for sure.. but we also have to define what is RICH  and what is enough monthly cash flow to live on.. while one can live on their cash flow  and thats a great goal  but you spend it each month living.. where I think ( and I could be wrong) Jacks assessment of rich is having a net worth in the 10s of millions..