If you love property management and want to start a business keep looking into it.Otherwise keep buying income producing properties to generate wealth.

My questions are;Do I have to take expenses as a deduction in a year in which they occurred even if I do not get income until the following year  I have other rental property, but my taxable income on them after expenses is only gonna be about $5000 So is there anyway to roll over expenses to the next year since I cannot deduct the remaining 15,000 and expenses against my W-2 income?

Accessory Dwelling Units (ADUs) are an increasingly popular way to generate additional rental income on an existing property.

The property manager should be involved before you buy any property to give input on due diligence, how to increase income and reduce expenses, and to make repairs or improvements to maximize occupancy.Excellent property management is critical to your success before, during, and when planning to sell or refinance.To your success!

I'm working with a company who owns a small, 19 unit, senior and low income apartment building.

Marcus & Millichap bullishly forecasts continued increase in rents due to stronger demand and higher incomes.

Does the operational company already exist and have income history?

Find the best property you can afford that also can produce enough income so that your monthly out of pocket expense is equal to or less than what you'd pay in rent.

I am wanting to build passive income How did you finance this deal?

So, it would then potentially cost you a penalty for early withdrawl and also income tax owed on it.