Second I look at reconstruction cost per-sqft in comparison to market price.

@Mindy JensenWhen I’m not ‘rehabbing people’ (I’m an orthopedic surgeon), I enjoy spending time at our Lake house with my wife and 3 kids, walking(10 miles daily), reading investment books and having a great time with friends.

So are surgeons, cops and corporate hiring managers. 

I could have made more money than I do now as a surgeon, but I would have hated it.

Our eye surgeon friend is fed up with on again/off again hybrid-zoom-(but same school taxes)-Starpoint, so she's enrolling her twins as well. 

Then couldn't believe that my Lakehouse neighbor, a surgeon, came over to help, because he loves to dabble in real estate & learning something new.

Only when the battle is obviously lost will there be resignation, capitulation, and eventual reconstruction. 

For example if I’m a heart surgeon making 500K a year, and just looking for an easy place to park my money outside of the stock market, then turnkey is a viable option.

Especially if for example you each make 50k a year.There has to be some HUGE event happen for people to truly get ahead such as (inheritance, selling of the business, career with very high incomes such as surgeons, etc. , accumulating properties at bottom of the market for big equity gains etc.)Ongoing rental cash flow is a slow investors game to hopefully wealth but the reality is to achieve enough to stop working is very difficult.

My friend's dad who is a surgeon in CA bought an apartment building in Reno.