Our duplex survived both without needing to be relocated but in both cases suffered heavy damage.

@Ryan Rush, l meant to say that you read Napoleon Hill’s book titled Think and Grow Rich to learn more about how to survive when everything seems hopeless.

To actually make a good living and not just survive you have to work hard for several years to a point where it begins to get easier due to referral volume.

As long as you use low leverage and cash flow net with a built in cushion to survive a drop in rent of up to 50%, the chance of survival (aka keeping the rentals) is very high.Wish you all the best.

Sometimes survival is the best one can hope for, but if opportunity comes up I won't hesitate to take advantage of it.

According to the NAR the average income is about $33k and half of the agents make under 10k a year - lots of part timers.It is survival of the fittest.

In fact, That is the same statistics for normal business or Retail business. 97% fail, breaking it down from 100%. 84% fail in the first year or 2, 13% end up surviving for 5 to 10 years ( breaking even or barely making it) and 3% succeed. 

It seems that the cost of living is so low and the general population has grown accustomed to having low expectations such that survival on government benefits suits many otherwise able-bodied residents.

My wife and I both have decent paying jobs at this point, so this is really a long term plan that I expect to start slow, and I don't plan on surviving off the cash flow in the near future, just reinvesting it.

People survived before airconditioning.