You are positioned very nicely to build a substantial real estate portfolio for long-term wealth generation and monthly cash flow. 

I have a lockbox on the property that generates a new code for each property tour.I live in Santa Monica, CA so I need a tool that will allow me to manage the property remotely.

Hopefully it was something that is generating return.Hopefully your 3% cash flow includes reserves for maintenance/cap ex.  

We have invaluable insights, as well as 100's of happy investors ensuring you receive Top-Tier Service directly from a . . .https://www.prnewswire.com/news-releases/top-tier-transactio...The Ultimate Guide to Generating Wealth Without Owning Property(I do that without hard costs or a real estate license)From Pace's Transaction Coordinator Molly Tennanthttps://go.toptiertc.com/join-today-aIt's quite a cottage industry. ;-) You can do this from your basement bedroom in your underwear someone said.

I didn't address BiggerPockets lead generation because I have no experience with it.

Take this 💥just-closed renovated property for example💥:With my query of "22757 Charlemont Pl, Woodland Hills, CA 91364 5/4/2400-3050,0.6,300" we get an ARV Estimate that is ~4% off, and I picked this at random just scrolling through recently closed in my areaAnd the Market Stats $/sf of renovated property in that Zip Code matches up pretty well, so I know the ARV estimate is realistic:I also set this up to run through every new-listing in my area, and generate a summary sheet of good-potential deals:So it's all possible to do, you just have to get your data and build on top of it.

This reads 100% like an AI-generated article.

It's not going to generate an audit because it is completely normal.Talk to your CPA and wrap your head around this.

Can one take depreciation from the income generated from the inirtial primary in tax year 2024?

The same home with unlimited usages would generate $85-95k gross.