Its a long game and if done with precision eventually you will have vast financial freedom.

.: No longer a rule, just a ghost in the past, A relic of days when profits were vast.

I think the maintenance/repairs are vastly underestimated - 5% for vacancy and 10% for repairs.

Having multiple properties and trying to figure out how to protect your investments best is a vastly superior problem to trying to figure out how to buy your first property.Good luck on your next step.

Buyers not really knowing any better since a vast majority of turnkey buyers are first time buyers  they just don't understand the inner workings  of the business in these areas.Especially buyers from high priced markets and their only experience maybe buying a personal residence and they did not deal with appraisal issues.. 

A huge factor were the vast amounts of adjustable rate mortgages, which were just one of the kinds of ****** loans that made it possible for "anyone that breathes" to get a mortgage.

I work on my properties some and I manage them myself...but I hire out the vast majority of the physical work.

In fact, the vast majority of wealthy people I have met in my life have a combination (in some cases ALL) of the following things:- Real Estate- Stock Portfolios- A sizable cash position- A business- A successful, high-income careerSo, I certainly do not want to knock stock investing, and am and have been throughout my career invested significantly in the market.What I hoped to argue in that article (and I believe that I was a bit immature with the headline!

This is just a regular turnkey property like a vast majority of other turnkey properties in an area popular for rentals. 

Add in that you can contribute small amounts at a time and the investments are 100% liquid it becomes unbeatable for the vast majority of people