Also wanted $600k in revenue and we generated closer to $700k. 

@Marlia Stone The advice to get the first unit running and rented to generate some money is spot on.

It's a little risky, because if you buy a property with barely/no cash flow and rely on appreciation and the market turns around, you now own a property that's generating nothing for a few years until the market rebounds.I love appreciation.

The Bourbon Trail will surpass Napa Valley in revenue generated this year as well!

Generate my own personal estimate for each line item and ALSO a % confidence I have in that estimate.

But what if I have other properties that generated a capital loss?

CSLB | QUALIFYING EXPERIENCE CSLB | ACCEPTABLE SUPPORTING EXPERIENCE DOCUMENTATIONI'm a second generation GC with almost 30 years of experience in the area so let me know if you have any questions, Jerry.

If the property is not generating a profit, you won't have any tax liability.

Am I right to read this is a $240k property that will generate $8,000 in monthly revenue?

Hi! I’ve been house hacking for the past few years. I am here to learn more about REI.