Even if housing prices were to eventually drop, they would not reach pre-COVID levels.3.

I want to have cash flow so I always have money coming in every month and build my portfolio by eventually getting a couple properties a year.

@sam no not necessarily and depending on the level the lease addresses this also depends on whether or not this is a multi-unit. 1) No in front yard; Yes in backyard ---- Reason: Unsightly and Blight and will eventually off put neighbors and will affect your value and next Tenant pool. 2) Same as #1 with another item of consideration; meat will attract vermin such as you mentioned it, flies but also others like rats, racoons, and other kinds.

In contrast, if I buy and hold properties for the purpose of generating rental income, proceeds on the eventual sale will be treated as a capital gain.

Foundation issues in North & Central Texas are just part of the territory...literally.  80% of the houses around here, unless they were custom builds with serious foundations, are going to wind up with foundation issues eventually.  

Eventually I would like to dabble into the world of pay-per-click, but you really have to know what you are doing if you don’t want to waste a lot of money.

I eventually want to start a property management company for future multi family properties I plan to acquire as well as manage properties for other investors.

I grew up interested in real estate as my parents built a large part of their wealth through rehabs and rentals which they eventually 1031'd to a small commercial property.  

I would like to have a couple hundred units eventually.

The short answer is most if us eventually plan on living off of the cash flow in some way or another.