At that point I don't mind giving the cleaner a break. 

I have a client that makes over $900K a year and needs tax breaks.

You could take this time to take a break and qualify for real estate professional status while your wife continues to make great money.As far as the estimating paper losses that multifamily would produce if the strategy is worth it from a tax perspective, you would want to use a cost segregation calculator.

Reliable local contacts, like property managers and contractors, can make or break an out-of-state investment.Happy to send some resources about the market if you want to reach out.Best,Travis

Break it down:-if the place wasn't ready for an inspection and you were told it was, then rather than ask them to pay for a second inspection...ask for the costs of all of the repairs.

NJ gets a bad reputation but if break state down town by town it is raising rents and collect rents is easy, just need to make sure you are buying in those favorable towns.

Whatever direction I go, I would leave my current job and take a few years to learn the craft and business under someone else before breaking off on my own. 

To start, I’d like to ask you a question: What is more important, purchasing real estate where you can obtain 100% return of your capital through the BRRRR investment method but otherwise break even or even worse lose money or alternatively  leave some of your capital in the deal but earn a profit when the property is sold? 

@Ben Magee, In my state (PA) a tenant may break a lease WITH NO PENALTY if a unit is uninhabitable for an extended period and the landlord has been unable/unwilling to correct it.

Get to know the guide lines and the Niche lending options that can make or break cash flow deals.If you ever have any questions feel free to reach out I enjoy offering tips, and loopholes to BP members to help save time and money!