BS in Finance and currently working on a BS in Computer Engineering.My goals in real estate are followingenough income to pay for my basic cost of living (housing/food)enough income to pay my student loansenough income to fund my Roth IRAenough income to feel comfortable focusing my time and energy pursing endeavors, whether they are work related or not, that I enjoy and find stimulating.My strategy to do this is via rental properties near hubs of workers/tenants that are somewhat systematically immune to the ups and downs of the general economy (i.e. universities and hospitals).

If the place is bad, usually full of old tenants things, food in fridge, etc. doesn't show well.

My wife works as a General Manager for a top food franchise, earning about 50-60k a year with some potential for bonus and promotion.

He would rather be fishing, and as long as money’s trickling in to put gas in the boat, keep the lights on and buy some food he’s good.

Appreciation speculators would probably advise to hold however I have learned you can not buy food or pay your bills with dead equity and accessing it results in the property no longer being a positive investment.When a property does not produce cash flow with a hypothetical 100% financing it will never produce true positive cash flow.

Just some food for thought.I recently purchased 8 units through @Roger Smart at Outside the Box Real Estate. 

@Ryan Luthi Great food for thought - thanks for sharing. 

@Jason ChenThanks for your patience, I now understand much better your reasoning (nitpick: the purchase price is actually ~107k/unit, not 130k, unless I am missing something).Yes, the purchase price is significant, and that's mostly because Sacramento is growing at a very steady pace, people keep moving in the area because they get priced out of coastal California.When I inquired about this, the sponsors said they had to make an aggressive offer to the owner in order to buy the property off market, and that explains the low purchase cap rate of 4.7%.In any case, good food for thought, so thanks again.

Quit dropping food under your couch and get a real job.Anyway, it's difficult to do showings when his place is a gross mess.

They've brought in a few fast food restaurants and finally a Starbucks, so maybe things will start looking up.