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I think you're right. Trying to get to $5m before say 35 on an average salary is very hard. Then again most people don't ever get there on average jobs - you kind of have to think outside the box, whether it's taking a punt, doing business or something different.

Yes if you could ride through, Strategy 2 will be bigger. That said a lot don't make it.

But if you go hard when young you can hit $5m soon and have all the time in the world

Strategy 1. Very simple, because: a) You've made assumptions about the interest rates. What if interest rates increase to 8%? How do your numbers look? b) What if your property suddenly becomes vacant? You can survive in Strategy 1, but can you really in Strategy 2? c) The best time to get...