If you can do something once, don't you think you can do it again? If you believe in real freedom and if you can set up self-service management with one rental, you'll probably want to get more rentals.
The idea here is if you prove the concept to yourself with one rental, you'll start to love it. Then, all you have to do is decide how many rentals it will take to pay the bills. Once you get your money right, you can take care of yourself and your family financially. Then you can find a purpose to continue serving people in a different capacity—that's what happen to me and why I'm here in front of you now.
So, in summary, set the goal for real freedom, get it, then find a purpose to pursue when you're financially free. Got it? The goal is not retirement. Nor is it to stop working. As humans we need something meaningful and productive to do.
How's that saying go? "Give a Man a Fish, and You Feed Him for a Day. Teach a Man To Fish, and You Feed Him for a Lifetime."
I say: “Teaching him to fish makes him dependent on fishing. Instead, teach that man how to get others to fish for him so he can get real freedom and can find a better purpose for his life.”
Rentals are a great way to transition away from working 9 to 5, five days a week. When you get up in age you will need something to keep you going so you don't stagnate, but thanks to self-service management you won't have much to do. What are you going to do with yourself then? Travel, sure, that will be fun for awhile, but you won't do it all the time for years on end. You will need to find something meaningful to do in between all your vacations. Obviously, today you have the satisfaction from earning your own living. You find enjoyment in your efforts now. I'm talking about later...
The conclusion of the matter is, during retirement as a landlord, work can be your friend and idleness is what you should be scared of. I'm glad I learned my lesson early.
Having rentals is not some type of race, you can take your time. There's no competition. In fact, it doesn't matter how many rentals you have. It's about getting real freedom, and having a worthy pursuit! Only when I committed to being a landlord forever did I realize this!