Owning a duplex at 20 is a huge accomplishment, and it’s inspiring to see you’re already planning your next move.From my perspective, real estate investing is a long-term game focused on building equity, paying down debt, and maintaining stability over chasing short-term cash flow.

A prudent investor doesn't seek quick riches through shortcuts.

the cash flow you are referring to, are you attributing that to the $900 difference between the PITI and the gross rents?

When you finance the purchase of the property you have to go through the whole underwriting process which can take 21-30 days.

LLCs are typically pass-through taxation4.

All new tenants should go through the application process and be charged the application fee.

I had a similar strategy with my first few house hacks: buy in great A & B Chicago neighborhoods....get by with minimum cash flow, and wait...What's your plan for the next purchase Michael?

Find out if there are any judgments or liens on the property.WALK-THROUGH AND/OR GET PICTURES: If you are looking at a potential deal, you need to have pictures or walk-through the property.

Once you increase your real estate portfolio using these tax free money, part of the cash flow they generate is offset by the non cash deduction (ie depreciation) so you get the equivalent to the depreciation amount but don't pay taxes on it.

https://www.smartcoinbox.com/category-s/112.htmThey have a wifi unit you are able to plug in a standard washing and dryer into the box and the tenants pay through an app.Thanks for any advice.Nathan