Quote from @Ashwani Singh: Has anyone got an excel sheet that is good to maintain your month by month rental property management expenses and income?

If the amount paid to purchase an existing note is below the principal balance or more correctly, the unpaid balance, the investor will benefit from an early payoff to the tune of the discount.  

To thrive in real estate investing, you must maintain a firm grip on your finances.

If your lease has that clause (and assuming your local laws permit), consider notifying your PM of you intent to escrow your rent payments until the situation has been corrected.

However, if I earn too much “earned income,” I risk losing these essential benefits.That’s why I’m exploring real estate and the stock market, as these generate “unearned income” and allow me to maintain my benefits while building financial security.

We are hoping to avoid doing any sort of partnership and maintain a single member LLC, but searching online hasn't been fruitful.

Assuming rents will increase surely it will cash flow at some point correct? 

You are planning on buying cash flowing properties correct? 

There are 4 to 5 houses on this private drive way which is paved like a street but is not maintained by the city and most if not all of these houses belong to family members in the estate.I have to concerns about buying this property and please fill me in on your thoughts and opinions.  1. 

This strategy allows you to buy one rental annually while maintaining stock market diversification.