.), how you will manage it, how it fits into your overall investing goals and lifestyle goals, your experience level and desire to own rentals, etc.

I talk about self managing from a distance with steps, turning a transient lifestyle into an asset and personals turned rentals.Look forward to seeing you around Biggerpockets!

Both my wife and I were working, we had stock, and I was able to bring in about $30K extra in just a few months of doing software and web dev consulting.They key thing for us was to not change our lifestyle by going out and ramping up our spending.

/Canada.What's your lifestyle expectation, what's your objective ?  

There seems like there is frequently old schools for sale in my neck of the woods....people buy them and try to turn them into apartments or industrial complexes......I have a colleague that buys them up like crazy for some reason.....they don't get very much for them......he bought one just so he'd have a place for him and his buddies to play pick up basketball games......rents the rest out for storage or whatever..... he also rents to religious groups / cults,  that want to teach their beliefs to their kids.......he seems like he's doing fine with them?????  

Although I have the means to I live a more luxurious lifestyle, I live frugally.

The important thing is ensuring you are capable (financially and mentally) of making the decision to alter the strategy amid changing conditions.Devise something that suits your personal investment objectives, risk profile, and lifestyle and along the timeframe that you need.

It also sounds like you have some very specific and clear lifestyle  requirements.  

I listened to BP podcast religiously for a few months before getting my hands dirty too.I’m currently running a vacation rental in Waikiki and thought I’d share some details from my experience.

Obviously what's required to maintain a certain lifestyle in San Francisco isn't the same as in Raleigh, or Madrid, or Tokyo...