It might have 50 years ago, but that was a far different era.If your ambition is a little more modest, say to own enough real property with enough cash flow to support a middle or upper middle class life style somewhere reasonably priced, then you will need to acquire three things.  

Former Lifestyles trainer Steve Davis has started this and has some Dallas trainings and meetings periodically.

Once the new rent is absorbed into their lifestyle they don't think about leaving in the summer because they haven't got a 'reminder that it's time to start looking' via an increase notice.  ...and we don't generally do large enough increases to push them out!

But if you are going to be out extra money versus what you are currently spending, ask yourself how is that going to affect your lifestyle.  

Each person has different goals, expectations, lifestyles, resources, etc. so we really need to look at the overall picture to see if this makes sense compared to other options available. 

Based upon your desires for hands off, goals for a certain lifestyle and capital that you have to invest, perhaps multifamily passive investing is a great fit for you.

But Annapolis was a lifestyle we actually enjoyed.  

The cashflow will fund your next deal and your lifestyle, the appreciation will push you to the next level, open up great financing options (like cash-out refi's and HELOCs), and ultimately make you "wealthy" not just "rich".Since you're in Seattle too I'm happy to chat more or grab a coffee anytime, good luck on the journey!

I love my day job but I also know I can leave any timeAnd live the same lifestyle .

It appeals to those who want to be on the lake, but have all the urban lifestyle stuff right outside their slips.Other things you need to worry about is maintenance of the boat.