They don't have to be complicated or expensive to set up but can help limit your exposure and shield other assets in the event someone wants to come after that.

Are cost seg studies that expensive?   

Montse I'm here in Rotterdam...working on renovating a 3 unit townhouse and gettting an expensive education on the Dutch construction industry...

Do the math and you'll see it doesn't make sense.The best way to invest: increase earnings, reduce expenses, and save.

And you probably need money for living expenses.

Things just require more ongoing expenses percentage wise out of state because you have to pay people to do everything for you and you will have a longer time building relationships with vendors even when getting decent referrals. 

@Blaise Bevilacqua - I agree with the added expense items that others have called out including vacancy, repairs/maintenance, capex, unit turns, and low insurance.

The only issue is of course it will be expensive to bring a photographer 3-4 times!

If the investor would like to receive cash flow, I will pay them the $2,507.83 up until the remainer of the 5 years.The remaining profit earned with the $41,315 would be $191,784.80 total if you get paid for the duration of 20 years!

I have been researching this and even submitted my first offer, but my lender says he has never seen 3.5% work because 75% of your rental income needs to cover all of your monthly expenses.