@Matthew Drouin had a great reply:"Typically 50% of revenue is going to go right to operating expenses on small multi family. 

It seems like a win-win, especially with the simplified approval process and flexibility for multi-generational housing.

Fantastic tenants and the home brings in solid revenue.

However, there is no way to do so without risk.The Internal Revenue Services issues three (3) Private Letter Rulings (PLRs) that allowed the taxpayers to do just this.

I generated the list by combining Zillow's smooth, seasonally adjusted home value dataset (ZHVI) with their rent index (ZORI) for metro areas.

The Numbers:Cash Flow Analysis: Investors typically look for properties that will generate positive cash flow—meaning the income from rent covers the property’s expenses (mortgage, taxes, maintenance, etc.) and then some.

It’s worth exploring Tacoma if you’re open to expanding your search radius, as it’s a growing market with solid upside potential.Your long-term goal of transitioning to buy-and-hold investments is a great way to generate passive income and build long-term wealth.

Status quo and anyone born after 2008 will not be buying a home until they are in their 40's if they are lucky and we will have a generation of renters or kids whose parents passed down a lot of $ to them.Which one do you think will happen?

All of my day-to-day expenses and the bulk of the revenue flow through the main account.

If not, understand the risk of taking equity to generate more equity based off your ROI.