Like @Sean Graham said, you can have positive cashflow but zero or negative net income-->and thus no taxes. 

The investors with no experience and no money who want to buy real estate go down rabbit holes that lead to misguided real estate advice and bad investment decisions.  

Some are basically renting out bed space and require tenants to sign an agreement to stay clean, and be tested upon request, with failing the test potentially leading to immediate eviction.

If your goal is stability and less volatility, an LTR could be more predictable, but it wouldn’t give you the cash flow cushion you’re looking for.Pros:More predictable income with less management effort than STR.Lower vacancy rates compared to STR.Less risk of fluctuating occupancy rates.Cons:Potential negative cash flow if maintenance and repairs exceed margins.Limited growth potential for income.3.

I personally don’t buy leads and work on organic lead gen.

I found my best leads for title companies through investor referrals. 

@Bryn Chatterton screening applicants will be SUPER important.This is a copy-paste from our website, so ignore some of the specifics.Robust Tenant ScreeningA bad tenant can lead to thousands of dollars of losses via unpaid rents, legal fees and property damages.

Although I am not a legal expert and am not familiar with Michigan state laws, I think a partition could be helpful if it leads to pleading your case in front of a judge who can ultimately decide.

I'm now looking to house hack in Dallas or the surrounding areas (likely Arlington) but am a bit stuck on how to run the numbers.When calculating cash flow on the my duplex in Indiana I took into account PITI, vacancy reserves, maintenance and repairs reserves and utilities to get down to my net cash flow amount.When running the same calculations using 5% down on the house hack, I find myself quite a bit in the negative.

If you're looking to add 100 potential clients to your database, chances are you already have this many (or way more) in your phone contacts, email contacts, and social media friends/followers.If your conversion rate as a new agent is .5%, you'll need 200 leads in order to close 1 deal.You should spend at least 30 mins a day as a P-T agent to generate leads.