If you are set on your strategy of just adding 3 more rentals then you should probably leverage your network of lenders and discuss best options with them to free up some cash for more investments.

I say this only to relate activity that sets off alarm bells, not to impugn what you are doing, which is better than 90% of what is hustled around these parts.

CM would have to be stupid to set it up this way.

But, you need to understand the intensity, time commitment, capital needed, and skill set required.  

Here are some practical tips and insights based on my experience managing a real estate fund and working in this field.First, setting realistic expectations.

@Logan Allec, my accountant adjusted the taxes but I still see the same NJ carryover loss to 2018.

I am excited to start the journey of real estate investing with my sights set on long term single family and smaller multi family long term rental properties out of state.

Investors should fully understand that Section 8 is not a cure-all for Class C & D tenant challenges, it's just trading one set of problems for another.We see too many investors not doing enough research to fully understand all this and making naïve investing decisions.

Each property comes with its own set of risks and every investor must understand those risks and do the minimum - get 3rd party inspections, 3rd party appraisals, verify rents, jobs  and crime rates at city-data.com - before buying.

Many listings are adjusting their asking price at least once while on the market.