@Preetinder SinghYou definitely need to define what/why you are getting your real estate license. 

Multifamily DSCR Loans, or DSCR Loans for 5-10 unit properties, combine the best aspects of DSCR Loans (30-year fixed rate, easier qualification and underwrite, low down payments) for properties that traditionally were ineligible for that type of financing.

Some sellers haven't filled tax's since Gerald Ford was president, other do it via receipts in a shoe box, some just make up numbers, some have an accountant, it's literally all over the board as is every aspect of small MFH investments, the only standard is there is no standard. 

USLI definately does more than 10 properties.

It's your cash, and ONLY your cash, that defines what that property costs you. 

The tax code defines a real property trade or business activity as “any real property development, redevelopment, construction, reconstruction, acquisition, conversion, rental, operation, management, leasing, or brokerage trade or business.”2. 750 Hour TestYou must spend more than 750 hours participating in real estate business activities during the tax year.

Your strategy of converting the garage into an additional dwelling unit (ADU) and using the property for short-term rentals (STRs) sounds like it has paid off well, especially given the unique aspects of the property and its location.Your approach to identifying a unique investment opportunity that was overlooked by others, and your patience in securing the right deal, are key takeaways for anyone looking to invest in real estate.

It is actually defined as net profit MINUS half of you self-employment tax MINUS your own contribution.

It's crucial to understand the financials and market trends to gauge the potential value of a property accurately.One key aspect is the cap rate, which is a big player in determining a property's value based on its income compared to its price tag.

Goal of 6 properties in total (including personal home)2016The plan: Ramp up my purchasing schedule - having built more resources, developed a level of comfort and understanding of the processes of deal finding, purchasing strategies, and other aspects of buy and hold investing.