We do not draw any income from the partnership outside of property management - 8% monthly per unit and one month rent for tenant placement.

But if an when the cycle recovers, the valuation will be quite different in the end.The total return also includes income and this varies depending on the deal.

(To increase income numbers).

Typical rates are 8-12% of income either monthly or yearly depending on manager.

By rich I mean they completed an application, paid the screening fee and we show that their income is sufficient to cover all of their own expenses plus pay for rent and any damages at the unit we are renting their child.

Given that a real estate investment will have the 4 wealth generators working for me, there is a high likelihood I can achieve a 7.5% annual return over the next 35 years.

I’m gonna be totally honest with you, it’s extremely hard if not impossible to replace a full time 40 hour a week with rental income at least in the shorter, it’s the type of thing that helps you retire a little early and have a buffer in retirement, my grandmother has been in poor heath for years, those properties have allowed us to give her the best care possible, if you don’t already own a home and feel comfortable with your budget and the ability to live in that house for  at least a few years, I’d get started on that don’t even need to over complicate it, find a budget, find a house you like and can see yourself in at least for the medium term buy it. 

If you have equity, income and good credit, any lender will do this.

There is a means test for income and equity.

I would focus on screening your tenants for background, credit, and income to try to avoid an eviction and excessive damage to your property to minimize your turnover expenses and vacancy loss.