My initial goal is to earn enough passive income to cover all my bills, which amount to approximately $3,500 per month.

So, it sounds like they are paying a tax bill on that sale.

Quote from @Bill Hampton: @Namal BurmanI recommend finding an accountant who specializes in real estate taxation and tax planning.

@Shaun Ng it looks like Dillon Kenniston fits the bill for what you are looking for.Good luck.

Lots of trial and error. 

This includes metrics typically only the manager would need to focus on (work orders, billing, venders, tenant screening, tenant communication, maintenance management, etc.)I tried Stessa in years past, but it wasn't able to grow with me, and it was not a system my bookkeeper and accountant were familiar with.

But when I got my first bill from the attorney for 3000K+ I started to worry about how high legal costs could get even if they buyers dont win.

Do you group paper receipts into folders for each property/entity and then pay bills once a month, for example?

If you plan on using your GI Bill, great!

Quote from @Bill B.: Minnesota is the same.