Although it can be an excellent source of income over the long haul, there can be  times that you have unexpected expenses that can wipe out a years worth of cash flow.

And make good choices with purchases, such as looking at cars as tools and not toys, living in a house or apartment that fits your needs instead of wants (you do not need that McMansion), not eating out every night or ordering takeout, thinking you are entitled to fancy vacations every year, and shopping for clothes at reasonable prices. 

When it's a pitbull they say it in the headline.I had a "pure bread" toy poodle as a kid my father got from a local pet store.

If you’re in it for the long haul you’ll likely be holding through several downturns.  

If someone has a good realistic Investing model and takes action over the long haul the changes go up that they will make it. 

I’m in it for the long haul.

Offer to let the local fire department use it for training purposes if they will agree to haul off the debri when finished, then donate the parcel to a local charity.

Most of the guests at our house also spend the majority of the time in that area (except the twin boys next door, they go straight for the toys in the kids' bedrooms).The further away you are from the main living spaces, the less important paint colors are.

So that is good (and helpful)... but the tendency is for your spending to increase as your income goes up... new car, toys, trips, bigger personal house, etc., so a big part of your plan is how well you can control your impulses and stick to a long term plan. 

My theory is that when most people say "I need a market" what they are actually saying is I want a B class area (30k income plus) with a lower price point (100-250k median home value) that is growing in population/jobs/median income so rents over time will increase and I'll on the long haul I'll have market appreciation (in addition to being able to force market appreciation).