Single tenant triple net leases are the best real estate investment vehicle I'm aware of for gaining true passive income.That being said, if you don't feel you are in a position to purchase this type of real estate asset then I agree you absolutely need to build the cost of a property management company into your analysis.  

Chances are they too like that car and are not interested in selling.But - if I had mailed 1,000 letters that day to specific car owners whose vehicles warranty just ran out, and cars are paid off and approaching 100,000 miles with a half way decent offer -- I would probably some calls!

I think not saving enough personal funds and not working on my credit score were my biggest down falls.My personal credit history only consisted of some small bank loans for used vehicles and that was basically it!

Here's my 5 step plan:1) Review & realign goals - Our RE portfolio is the vehicle for getting us there.

-No garage for luxury vehicles.

We're seeking a 2-family house with parking for at least one vehicle and close to public transportation.

REI is my retirement vehicle of choice.

CONTEXT-(30k in credit card debt, split between 4 cards, mostly in charged off status)(one vehicle loan that was charged off, is now caught up to current, not paid off, 50k original loan amount)(some card companies are contacting me trying to make a deal, so likely only have to pay 20k of debt off.

I also have big magnetic stickers on both my vehicle doors for advertising, it's also on my dump truck and on my maintenance guys truck.The fellow who posted above ^^^ might be right.

With careful planning and strategic decisions, real estate can indeed be a powerful vehicle for creating a legacy and achieving financial independence.