There were many stories of millionaire real estate investors at the end of the book who prefer to have paid off properties rather than accumulating as many properties as possible.  

One other thing you can do is look for a Real Estate Investment Association (REIA) in your area and start attending their meetings, you'll find a lot of knowledgeable investors willing to share their experiences.If your purpose for joining the group was to get more information on the rental application process, then you should ask, in a non-disparaging post, for input about the process from the accumulated knowledge represented on this board.

I'm an investor in the central Indiana area looking to expand my network to work people on accumulating buy-and-hold properties.

This is good because you still have an emergency fund if something goes wrong and you can accumulate more properties faster. 

Or does the property have to be "put into service" before I can claim my losses. the expenses that I have accumulated for the 1 month in 2014 are property taxes, insurance, utilities and a few repairs/upgrades. 

:)Seeing my dad retire at a very young age due to the cash flow from all the rental properties he acquired has given me a passion for accumulating my own portfolio or rentals, as well as helping others achieve financial freedom through cash flow properties.I am looking to partner with house flippers and cash flow investors who are looking for an agent that is driven  and dedicated to meeting their financial and career goals.  

This has been the key ingredient on how I accumulate 20+ loans.  

I live in MI & I'm looking to accumulate a dozen or so rental properties however being new to the industry I'm seeking advice as to how to do it successfully.

I live in MI & I'm looking to accumulate a dozen or so rental properties however being new to the industry I'm seeking advice as to how to do it successfully.

I want to try to maintain the lifestyle I have accumulated while working my job (that I really don't like anymore) by bringing in close to my current salary.