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It depends greatly on your location. Here in GA I can find properties that will cashflow all day long. BUT there is no where near the appreciation folks in CA, MA, MD are experiencing. Personally I would only buy a property if it cashflows today! That keeps you out of hot water financing wise. From your post I assume that you are in one of those high cost areas. Would you consider moving to a low cost area? This would make a world of a difference in the properties you are able to afford and possibly use to parlay into an early retirement from the rents.
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You take the blue pill - the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill - you stay in Wonderland and I show you how deep the rabbit-hole goes.
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