Well, us being Type A numbers people, we would really like to have a comprehensive spreadsheet that lays out the road map to our goal.  

1) Capital2) Knowing how to run a business 3) Hard work4) Time to get over the hump before you start making money.90% of small businesses fail, mostly because of a lack of working capital.

No matter if you buy SFR's or work more hours at some point you will reach a low point where you wonder to what end you are busting your hump.

All of the fees, splits, expenses and taxes add up for us. Being

Also, based on my assessment of the real estate business, anything under $2,000 to $3,000 monthly expenses should be trivial to anyone who got over the hump of getting the ball rolling.Nonetheless, since I haven't reached that point yet, and may not for quite a while, it is a nice advantage for the moment :)

Our financial advisor helped us be open to explore new possibilities outside our local market.

There is a good article (linked below) that explains and shows examples of how LTCGs are stacked on top of ordinary income, how the taxes are calculated, and how one can work to avoid marginal tax rate "humps".

A couple of things that help us be really successful in the San Antonio market - 3BR, 2BA homes.  

Getting over the amateur hump in real estate takes professional training, education and experience, you aren't going to get that all accomplished on the internet. 

I think it's under $100/year and can even backup your external hard drives and USB thumb drives.