I was going to wait to build my portfolio bigger before starting an numbered company, but I'd like to hear what the BP community has to offer in words of advice.Here are the current numbers I'm working with.

Do you need cash flow to build more capital for the next property?

Quote from @Lisa Albright: Hi All,Newbie here, just a quick question we are building an addition on our second home, we have a primary residence, and two rental properties.

As I look into the market and start to build a team I had a few questions:1)  How difficult is it to get and keep a rental license OOS?

I would look for a 2 bedroom 2 bath duplex with a one car garage for each side located between the two units and each front porch on the each end of the building.  

I have decided that I don't want to build a real estate empire but rather generate that cashflow from as few properties as possible. 

Ok, so I see this might have been a design flaw in the original build so there isn't much you can do unless you rip it all out.You could have it all scoped and see what's what so you can get an idea of what you are dealing with.You could comp the guests a night.

Given that my unit is sandwiched between two others, could this be a structural issue affecting the whole building?

Building a strong financial plan, researching markets, assembling a reliable team, and having an exit strategy are essential steps to success.Good luck!

My love affair with real estate derived from my late mom who had a passion for buying real estate to build wealth.