That would be called the BRRRR strategy - there is endless info on that strategy here and on the podcasts and in the BP bookstore.

Yes, operations is a big part of that, especially for anyone that wants to be a business for the long-term.If I were you, I would be talking to office brokers about partnering more than an online forum.   

Each should be able to operate on its own.

I've also leveraged that capability to build some pretty cool dashboard on my end to occupancy, revenue, and cancellation rates across all platforms. 

It's a tax on the gain.How is this calculated?

Start to evaluate deals based on the income approach and you'll do much better long term investing. 

Usually you can find this online.#3 Chances are you will never buy a $500,000 property for $30,000. 

@Stacie Telles Assuming you took out a conventional mortgage on the property you won't be able to refinance for at least 12 months.

There is a cumbersome way to do it on paper forms, but you should not.The only sensible way is to submit your 1099s to the IRS online, however not directly with the IRS.

If it holds up under these conditions, you've got a solid investment—better safe than sorry!