Hello Cliff, as I went through this about five years ago before I started investing in properties, the advice that you’ve been given initially is right on point so from another perspective, but say that you hire yourself as a W-2 employee instead of an owner on your schedule C personal 1040.

@Lawrence Leung yeah, that card is pretty scary.

You'll need your own credit card processor for that one too - Square and Stripe are integrated with the platform.

Can you imagine this building in five years?

Their $5k fee could be a set up].Your plan is a variation of Credit Card hopping - transferring ones balance every year into a new trial period Interest-free Card.

You can get yourself a nice ten dollar sandwich if you get in your car and drive across town to your favorite deli, or post mates can bring it to your door for an extra five and you dont have to get out of your pajamas. 

**Easy Reconciliation**: Quickly reconcile your bank and credit card statements with your QuickBooks records.

There are quite a few syndicators who have been around longer than five years and have excellent track records.

Monthly social hours with hors d'voures, community BBQ, pool party/cookout, monthly car wash, monthly giveway's (gift cards, dinner with management, etc. for a small group (2 to 5...and post pics on your website) who provide feedback on what areas management can improve, etc.

After five years you'll have earned $90,000 in rent income and gained $34,000 in appreciation.Buy four houses with $50,000 down on each.