The goal isn’t to stack a bunch of properties, it’s to generate your cash flow goals with the least number of properties possible!

The second piece is whether or not you pass the Material Participation Tests found in IRC 469 and the third piece is whether your participation rises to the level of Substantial Services (think hotel, B&B).4) My CPA Says I can't deduct a loss that was generated! 

My Co-Founder and I have developed a real estate platform that'll generate a Investment Memo.If you're still interested or curious to see what we create, let's chat more, thanks!

The PM company has to generate these owner statements and emails them.

@Dave GreenHere are the three options for generating passive income and scaling up a property portfolio: selling rentals and buying a multifamily property, paying off your primary residence, or holding rentals and maintaining cash flow.

The reports you can create with Stessa, such as an Income Statement, Balance Sheet, etc, are similar to the kinds of reports accountants are used to working with since other finance/rental software also generate very similar types of reports.  

I suspect in a more urban area, with a lot more entrenched and generational poverty, things would be a bit different.

Hi Kyle,Given your plan to acquire 19 rental units over 10 years, here’s a realistic projection:For cash flow, assuming each unit rents for about $1,200 to $1,500/month and generates $300-$400 in net cash flow after expenses, you could see $68,000 to $91,000 annually from 19 units.Appreciation typically runs at 3-5% per year.

They wonder why our next generations are turning into folks that can't handle adversity, it's because they cannot. 

What Im looking for with REI.... is to find financial freedom, to build generational wealth, to bring my family together; my brothers,  my children, and their children into a business Im not only passionate about, but proud of.