For me, that is defined as $120,000 annual passive income by 2025 (age 40).I will be investing exclusively in Multi-Family APTs, and have been studying REI for a while.With a 6 figure nest egg, I can either purchase a ~$500,000 garden apt NOW in a mediocre market, or wait roughly 12 months and purchase a 7 figure APT in a what I would consider to be a better market.Waiting would allow me to take more of an advantage of the economies of scale, but I would be sacrificing a year of quality %returns.

They've got the license that they've already paid and sacrificed for - they should share freely and not ask too many questions.

. :)I don't think you're going to be too happy when interest rates are up and you're locked into your 30 year seller-finance investment for another 25 years at your current rates...long-term, fully amortized seller financing with interest rates at historic lows is a bad investment.You don't seem to understand why that's the case (based on previous discussions we've had about this), but given the fact that your "mentor" would rather market for other people to provide the financing other than providing it himself tells me that he agrees with me more than he agrees with you.In other words, your "mentor" is sacrificing you (and those you're attempting to recruit) to make money...

My hope, is that I can slowly ween my way off of property management and save myself the  $1,000 a month without sacrificing my sanity.

I am a reformed rehabbed, now when I complete a build and sell it I hold a little funeral service for the beautiful reliable cash flow I just sacrificed.

I worked my a$$ off at my sales job because a top performer saved /sacrificed for years took huge risks and studied the game.

That's my personal choice.This is why I do not use LLCs at my stage.After I have accumulated significant assets ($1m+) perhaps I will begin moving all of my properties into LLCs and sacrificing cash flow and terms for additional asset protection.

There are definitely some cheaper opportunities in the metro area that could provide solid cash flow while sacrificing potential appreciation.

So you are sacrificing cash flow but also not putting a lot down.  

To me, it isn't worth sacrificing that Christmas dinner with family.My brother wanted to get started and wanted to partner up.