Utilities are payed for by tenants, and management would be done by me as I'll be living very close by and want to experience all that goes into management first hand.

I have achieved this goal and it has given me what I refer to as "time freedom".

I’ve been a very lucky guy, with the support of my wife, finding good deals, and rehabbing myself, we are now on track to achieve my goals I’ve wanted for so long.

Sorry, that is my take that I have seen first hand.

What would be the best area in real estate to focus on to achieve this goal?

If so how can I achieve this!?

Does anyone know if this is possible to achieve?

If 700/mo is your net cashflow after opex, financing, etc. then the return on your 200k in equity is about 4%. can you reposition that 200K to achieve a higher return?

I’m focused on turnkey properties, either single family or small multi family.So, let’s assume an investment rate of $50,000 per year, and all rental income goes right back into buying more properties.What is a conservative plan with low maintenance rental properties each year and what income can I realistically achieve after five years?

One of my favorite verses from the Tao Teh Ching:Verse 63:"Difficult things of the worldCan only be tackled when they are easy.Big things of the worldCan only be achieved by attending to their small beginnings."