It took about 5 years for my assets to start covering my expenses.

I am assuming you know about this, but you may want to consider doing something like a Wally Wrap so that you have an asset to show your next lender prior to your note seasoning.

The workshop shows how SDIRA owners can earn double-digit returns by owning real estate as a bank. 

Even after one year, that property may provide thousands of dollars worth of appreciation, you will pay down your loan and build some equity, and you can depreciate the asset. 

Analyzing the neighborhood and the asset condition is the key to projecting accurate returns. 

Consider offloading an underperformer, or a high equity property and getting better, larger or more assets.

I will preface this with the fact that I have a legal background, specifically with estate planning and asset protection.

You'll want to put together a personal financial statement (basically lists of all your assets and liabilities) and have your tax returns ready.

Always had to jump through hoops but always had it based on the property / asset

No maintenance/cap ex, vacancy, PM, book keeping, asset protection, miscellaneous, etc.his actual cash flow when properly allocating for sustained expenses is a fraction of his advertised cash flow.