Core concepts
Yield discipline
Target 8–12% cash-on-cash with stress-tested reserves.
Market selection
Population growth + job diversification + landlord-friendly law + entry price under replacement cost.
Operational depth
Class B/C properties demand professional management to deliver projected returns.
Examples
- Indianapolis SFR portfolio at $130–160k entry, $1,400 rent, $350/mo cash flow.
Practical applications
- FIRE-path investors.
- Self-employed seeking income replacement.
- Retirement income substitutes for SS or pension.
Common mistakes
- Buying tertiary markets just for cap rate.
- Ignoring landlord-tenant law before entering a state.
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