Still in the beginning phases of that. 

But I also like the BRRRR strategy as a phase 2 of my goals.

I am in the final phases of finishing up my rehab on it and should be getting it ready to hit the market within the next month or so (timing isn't the best but hey it's my first and believe me when I say I have made plenty of mistakes, but I am still putting in the work!)

After that, the $5,000 allowable expense begins to phase out.Again, as long as the property is advertised for rent and you fully intend on renting the other rooms out, you can deduct the allowable expenses in 2017.

I'm a $25k/year licensed massage therapist, just hit my first year of solo business (so still inconsistent revenue) while gradually tapering off my main job (diminishing revenue), so I'm entering a phase of much less predictable income.

Currently SeekingI’ve read Set For Life (would say we are in phase 2) and the beginners guide to real estate investing. 

It makes the preliminary research phase of deal finding a few hour long process per property, if you really want to get into it.  

As for "bleeding cash" -- we're certainly not the first startup to be unprofitable for a number of years during its development and/or scaling phases, nor will we be the last.

@Russell Brazil @Upen Patel thank you for your feedback.Currently we are in the paperwork processing phase of forming our REI business.

I am in the beginning phases of interviewing my dream team which includes an accountant.