[jhynesrockmtn]

The plan sounds good to me. I was in rental properties at a pretty low level with my ex. We did pretty well over the years. The issue we had and why we stopped investing was the purchase prices in the Seattle market grew way above the range where you could come close to neutral or positive cash flow on anything after the mid 90's. Also, it was close to getting beyond our ability to manage things ourselves. The hassle factor changes with the economy and your real wealth in rentals is long term appreciation so you need a strategy as you get older to tap into that equity. You also need to plan for long term capital reserves for bigger ticket repairs as things age such as roofs, furnaces, plumbing, septic/sewer lines. There is much to learn but if you're off to a good start then stick with it. Just don't get greedy and go heavily into debt. I love the idea of working on the cars you want with the customers you want on the side. To me, that would be fun, wish I had those skills. John Walker is the king of that strategy in the Seattle Porsche community.