I have come to realize, I have been doing it more as a hobby, not a business.

There are much smaller homes in worse parts of town renting for $1600+ currently.There is not a cap on how much I can raise rent here in SW Missouri, and my thought process was to keep the rent a few hundred dollars under the market rate so that if they decided to look around, they’d realize they can’t find anything comparable with the new increased price and stay anyways.

Realize for each LLC you will spend thousands per year in bookkeeping/taxes etc. whether its your time or someone elses.

Those obsessed on just cash-flow need to put down the books and programs from 2014 and realize this is a different market. 

. - I realize that contest window was long closed, but I acquired this duplex last week and was shocked to find these rates during closing as opposed to listing which did not show that.

After a few years I realized that probably 10 houses would about replace my W2 income.

Not sure how that would work as a 1031 exchange means you are selling one property and exchanging it for another so the 1031 works for the 2nd and subsequent properties but not for the "first".I realize you are learning so just wanted to point that out in a friendly way.

Since new properties have a full useful life, tax savings can be realized by expensing depreciation.

Rather than realizing the $100k gain plus any depreciation recapture, I bought a property for $500k through a 1031 exchange.

Realize your insurance is going to be exhorbinant3.