Beyond that, it depends on how disiplined you are in keeping good records. 

Real estate takes in many other aspects of social, economic, financial, legal and engineering disiplines as well.

If you are disiplined and take it serious from screening to repairs, etc. then you will find it very manageable... and I would say very fun and rewarding.You need to allow for the first year so that you can learn and adjust to being the best landlord...

If the answer is no, then take the 15 year and that will underscore what I mentioned above, not having the financial disipline to better manage your money.

I just listened to the podcast about The 4 Disiplines of Execution, so I went to iTunes to buy the audio book.

I think you should sign up with Experian as well because they will help you keep in line with the best type of credit to have to get your score up.Just disipline yourself while doing this and you'll build a good credit score to get you started.

There are areas in North that attract an undesirable type of tenant, and other areas no worse than neighborhoods in South mpls.I personally invest for cash flow but these areas often require more disiplined property management.

You must be disiplined and not spend any of what looks like extra because you just might need it at any time.

For those who lack disipline in investing or saving, a whole life policy is better than nothing.

The reality is everyone make be top 3%, given time and disipline.