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he wouldn't be able to live off the income, unless he was charging an outrageous (and i mean really high) price.
with two duplexes, he'd be able to live in one of the units and the rent from the others would/could pay his mortgage.
my step-grandfather owns 4 or 5 buildings (including the one i live in) with approx. 100 units and a few commercial units on the ground floor. he retired at 50 and spends 5 months a year in florida.
cool side story: my girlfriend's parents used to rent a video store from him back when she was a little girl. so my dad's girlfriend and her brother knew my girlfriend 15 years before i knew her or them. her parents went to high school with them. fucked up.
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