But I also sold a massive remodel that I did on a historic Charleston home and built a brand new home on the back of it. so it had 10 rentable rooms at 1000 a month each. and I sold that one for 1.250.000  last March.. full gut rehab to the studs on the existing and brand new construction on the back home..

Aside of paying full retail price by going through Angie’s List or Home Advisor where contractors are rated by customers, this is a massive risk for anyone who is starting out.  

But there's a lot of other factors that show thats likely not going to happen as quick as we might think.The biggest factor I believe, is the massive under-supply and over-demand.  

Add to that mounting state debts that will likely bankrupt states, causing massive debt default.

Get Unit #1 up and running and rented so you aren't sitting there with a massive cash drain.

Apparently, if two units do it, and the building becomes 50% rental, that changes something that massively affects the overall cost of insuring the building.

this has been a massive change in the last 10 years.Also, consider whether you seek a CAREER in real estate investments, or just a profitable sideline with your career in another field.Passive vs active investing is not an absolute....it more of a spectrum with available opportunities all along the spectrum; some more toward the passive side, some more active.So, taking note investing, the most passive way to invest is to invest in a private note fund, or REIT.  

Big players such as Bill Gates are buying massive amounts of land and destroying millions of trees, turning regular farms into GMO farms.

Despite what appears to be a bargain, you should realize that that is not a great neighborhood and, although houses built in the 1890s are totally cool, they typically need massive work to rehab....lathe and plaster walls, fuse boxes, exposed wiring, non-standard construction, etc.

Then, with the "massive wealth" gained, then plough it into cash flow with which to retire (or any other investments).