Break-even or positive cash flow is key for passive income.Property Management: Since you’re aiming for passive income, consider whether you’ll manage the property yourself or hire a property manager.

My GC primed and painted over them a few times thinking they were just old, stubborn stains that needed extra product, but they kept coming back after each rainfall.I hired a water intrusion detection company to help me pinpoint the problem - they said the new roof seemed solid and that based on infrared and temperature readings, the moisture is coming in from the partition walls.

Anything low income I would suggest that you hire a PM.

.: Thanks everyone for your replies, it's in NJ, approx. how much time it will take for foreclosure process and how much I should be ready to spend on attorney.Once we hire an attorney, he will take care, or I also have to go court frequently.I am asking because I  have a job, it's tough to get frequent off.Trying to prepare myself for tough time ahead.Thanks again. 

In fact, those mother f@$#ers still owe me over 7k.All of his sales reps are the pushiest SOB's I have ever had the displeasure of dealing with.

It is very common for a PM to hire an experienced lawyer to handle the eviction process.

We have multiple buildings we can use as office space as we look towards continuing to expand the coaching business and hiring employees.  3.

If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general.

This could boost your cash flow without relying on stock market returns (Which can be volatile)2.Real Estate Professional Status (REPS): If you’re leaving your W2 job, qualifying for REPS can allow you to deduct real estate losses against your ordinary income, giving you a big tax break.3.Cost Segregation: This can accelerate depreciation on your properties, creating significant tax deductions.

The LP still has to meet the material participation rules in order to take full advantage of the depreciation losses even if they meet REPS.