You’re competing with an endless array of other investment opportunities that will generate far better return with far less risk/overhead than real estate.

I also prefer not to use a management company, as I don't want them cutting into my profits.My long-term goal is to generate enough income to live comfortably and eventually build a real estate empire.

There truly is no better way to build generational wealth than RE investing!

Also, I'm not sure if you're on the ProjectionLab Discord, but there's often customers looking for advisors using ProjectionLab to review their plan.

HeyAlfredo,Your strategy seems correct; if your wife qualifies for REPS by meeting the 750-hour and 50% personal service time requirements, you can use cost segregation and bonus depreciation on your remaining rental properties to generate losses that offset your 2024 W-2 income.

That 125k investment is now worth 500k in 10 years and it will be generating 65k a year in returns going forward (and that will continue to increase over time).I would add that I don't like ever paying retail for real estate as I've always been a believer in the adage that you make your money on the buy side. 

.- Generation Toolbelt.

The time spent trying to generate attention to your site would probably be worth just spending the money to air bnb to avoid the headache but that's just my two cents.

I think these regulations improve accountability, generate revenue, ensure fair competition, protect neighborhoods, address housing shortages, and promote responsible property use.

@Matthew NewsomHouse hacking is a viable strategy for generating cash flow in 2024, but success depends on market conditions, financing terms, property type, and rental demand.