Whatever assets you can accumulate now, your kids will be much better off than other kids.

I started buying with my partner in Feb 2013, and we have accumulated 675 units since then.  

When I was called in to see why they had over over $100,000 in sales tax liability accumulating since last 7 years (yup!

It's about long-term wealth accumulation for me.Anyone have a similar philosophy?

You'll have a paid off property before you're 40 in addition to other real estate you accumulate in that time. 

If your goal is financial independence (having enough income generating assets that produce enough cash flow each year so that you can afford to live the way you want without having to work), then must first accumulate the income producing assets. 

I have the goal of accumulating a long distance Buy and Hold portfolio of positive cash flowing properties managed by local property management.

So, a good place to start is by accumulating some cash.  

I bought my duplex a few years (and still live there with my three high energy dogs) and have accumulated half a dozen units with my family aside from that. 

Do I book the original value I've been reporting on my taxes and the accumulated depreciation through 12/31/13?