Who is a full-time Landlord?

[Alejandro Calixto]

Happy New Year Everyone!

I'm wondering how do does one become a legitimate "full-time landlord".

What I usually see is that people have a job/position to supplement their real estate investments. But I have come across several people who's goal is to get to a point where their REIs provide sufficient income and security that they can be a full-time landlord. I assume that means they will not have to do any other job connected or not to real estate. That includes being a contractor, real estate agent, wholesaler, etc. I know the positives of keeping an income to help get more properties and provide a safety blanket. I also understand it would take several well setup investments for one to be comfortable not having a job as a safety blanket.

So I'm curious, who here considers themselves a full-time landlord and how did you get to that point?

[JD Martin]

Based on your criteria, I am a full time landlord. I easily make enough money from my properties to support myself and my family and the business. I still have a "day job" that I like and I'm a couple of years from retiring from it, but if I quit or was canned tomorrow I would barely know the difference. 

How did I do it? I saved a bunch of cash to buy a few properties outright, let the money from those properties buy more properties, and lived below my means in the meantime. Boring but uncomplicated and true.