If you love property management and want to start a business keep looking into it.Otherwise keep buying income producing properties to generate wealth.

If you only have one LLC and don’t need entity tracking, you could get a lower subscription and categorize your properties as ‘customers’, then units and tenants would be sub-customers.Simple Start would allow you to invoice your tenants (if desired through QBO) and produce basic reports. 

The marketer (guru) severely understates the amount of capital, time, and knowledge needed to produce successful results.And the above mentioned are the BEST case; not even mentioning the guru strategies that are fraudulent, illegal, unethical, and plain not realistically achievable.  

At first, it wasn’t glamorous, but today, those 12 doors produce about $90,000/year in net cash flow.

>I'd look to invest in small multi-family 2-4 units with a larger down payment ~50% or more (only way to produce positive cash flow here at the moment) I never understood why one would want to buy cash flow.  

It seems to be a great cash-producing asset. 

Top producers are always very pleasant to work with (which does not mean they are soft)3.)

Thus the more plants producing the more value.  

The IRS generally does not allow you to deduct expenses for a property that has not been placed into service, as deductions typically apply to operational properties actively being used to produce income.

🌟 December 2024 Top ROI ZIP, 28262 🌟For the first time ever, only one zip code produced an ROI of 7% or higher!!