Deal Generation: What strategies have you found most effective for generating deals and identifying promising investment opportunities?

Quote from @Trace Adams: Before you pour too much time/energy into this, I would verify with the city that this is permissible.

Hello,I am currently located in the Denver, Colorado area, looking to start doing some fix and flips to generate some extra income and eventually transition to a full time real estate investor. 

It's amazing to see the next generation take an interest in building wealth and understanding the power of smart investments from such a young age.

I understand that a rental listing will not generate as much as a sale would, but I think a minimal standard should exist (especially since I plan to buy properties in the future).

To make sure the land/property generates some kind of income until then, we've tossed around land leasing for cattle or a glamping site.Advice needed:1.

Hi @Nitin Gove,I use QuickBooks for bookkeeping and generating monthly financials (Revenues, expenses, etc.).

@Anna BrownIs keeping the property going to give you a return greater than energy, capital and time you put into it? 

House hacking is one of the most popular strategies you can take and it can be a great way to build wealth and generate passive income, but it's important to have a long-term plan in place.

Regarding the first scenario, the sale of the rental properties should be generating 'passive income'.If you have passive losses in the current year or from a prior year, you should be able to offset it against the passive income.