I am surprised that anyone refers to these people (or others like them) as ‘investors’

An ‘investment’ provides a return on the money invested

If you are taking money out of your pocket on a monthly basis for the right of owning real estate, you are speculating NOT investing

OK, you want to argue that the capital gains provide the return on investment – let’s go down that road

What you are saying is that you don’t need monthly income because you are going to make so much money on capital gains that the monthly alligator in your shorts is OK

Isn’t counting on capital gains speculation? What happens if the capital gains don’t occur? How long will you let that ‘investment’ drive you towards the poor house?

Assuming that there are any capital gains, how are you going to access them? Sell? Refi/cashout? Transaction costs? Tax consequences?

Anyway, my point is that we are flattering these people by calling them investors.