Second, running a management company would enable you to deduct a wider range of business expenses, such as office supplies, travel, and marketing expenses related to managing your properties.Another big advantage is that, as a property management company owner, you’ll have first contact with a lot of distressed owners who might be open to selling their properties.

This enables me to collect points and travel for free.

You take on the role of digging deep into their pro forma and grading it like a teacher instead of writing the paper yourself. 

I recommend people try out other real estate teachers like Coach Carson or Agents Invest with Jennifer Beadles.

However, most "legit" teachers/mentors will have a money-back guarantee or something similar.

Although this 5.5% to 6% is taxable, it still enables them to offer above the 70% guideline.Experience also plays a key role.

If you're looking for original art, you could consider contacting the AP art teacher at a local high school and asking them to coordinate commissioning a student to make something for you or purchasing from a student.

Turnkey properties, which require minimal immediate work, enable you to start generating rental income right away.Remember, no amount of education can replace the lessons learned through actual experience.

The Key and Peele Substitute Teacher skit where Mr.

Friend's high school teacher owned the property.I negotiated the deal and structured the proforma.