What age are the homes, how much are they selling for, how long are they on the market, is there any new construction in the area? 

I think there is a lot of opportunity to do this sort of thing for a guy your age.  

@Alan Grobmeier, that’s interesting as the PM usually charge around 8% - 10% and I suppose if there are any comebacks with the quality of work the warranty company manages it.Can I ask roughly how much you spend on home warranties, I suppose the age of the home and contents are the major deciding factor.

I give myself a break on this because 13 years of K-12 and a father with a PhD was a lot of brainwashing to get past alone in 4 years of college (which also offered up its own very large share of brainwashing, even to a humanities student).I can only imagine what he would have told me if I had explained I had put aside my summa cum laude degree and four full-ride offers for my own PhD and was working for maybe 10 bucks an hour to learn renovation carpentry.My hat's off the young people who are figuring the big societal lies out nowadays at a young age.

I think we are in a new age where fed manipulation of interest rates is used to stimulate the economy.

So for us, our goal is to pay off 7 or 8 rental properties in the next 10-15 years, and that income will give us about $50k to live on until standard retirement age where the rest of the portfolio can take over.

I have found that even many high-end homes have ADUs or au pair suites that people like to rent to traveling nurses, professors on sabbatical, grad students, their kids who come back from college or aging parents (likely no rent in that scenario).

The $100K would be added to your taxable income for the year and there would be an additional 10% penalty for early distribution if you are under age 59 1/2. 

Figured with the improvements, age of the unit (2005) and the fact it’s a condo with all exterior maintenance on the HOA that there wouldn’t be much out of pocket factored into maintenance costs.

My goal is to be able to rely on income a from real estate and other investments to cover my monthly cost of living by age 30.