[quote=AN][quote=flu]It would have been nice if by this time, I had 3 SFH in CarmelV free and clear and pulling in $4000/month each.

I’d hang up my engineering hat for salaried work.[/quote]
Assuming $4k/month rent places are selling for $1M today, that’s $3M RE portfolio. If you take that $3M and buy 15 1/1 in MM today for $200k each, so you’d have it all free and clear as well, they’re renting for $1300 today. Which mean for the same $3M, you’d have $19,500/month in rental income instead of just $12k/month.

hmmm… not sure if I should have said that, maybe you’d buy up all the 1/1, leaving nothing left for me :-/[/quote]

When you get old like me, if you had to choose between managing 15 1/1’s or 3 SFH for slightly less returns, I’d takethe 3 SFH’s…. Also, for each 1/1, there’s about $300 in HOA that doesn’t exist for SFH. Property taxes are about the same because although there would be MR in Carmel Valley, carmel valley homes don’t pay for the add on tax bonds to fund things like the community college,etc that condos in MM do…