He is the wings keeping my heart in the cloud shirt

Even if the majority of rental income goes towards the landlord's mortgage, that's not an expense, that's equity going into the property, which the landlord gets back. It's a bit like saying 'my profit margin is slim because I put most of the profits into my retirement fund'.Well boo hoo, so you have to wait till retirement before you can cash out your passive income. He is the wings keeping my heart in the cloud shirt Retirement might not be a luxury your tenants can afford.Are you high? If you have the assets to own "10, 15, 20 units" you are not by any definition middle class or even upper middle class. Your talking even in cheap markets having over a few million dollars in real estate assets. In a lot of markets thats 3-6 million in assets. That is not middle class. At all.I will admit its not buy a sweet lambo and go eat lunch in England and fly on your private jet to eat dinner in France levels of rich. Almost every last ounce of your net worth is tied up in very inflexible hard realestate investments. I understand the difference between having 3 million dollars in cash and 3 million dollars in non-liquid assets is what im trying to say. But you still have 3 million in assets. You are not middle class.

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