Essentially @Scott Trench is in the same position, running a RE education and publishing company, and arguably more hands on with his own investing.

Hey @David Cherkowsky, I'm not sure how much vetting you did for the tax pro you found on BP but I'd recommend getting referrals for such an important position on your financial team. 

I cannot think of a way that you (the LL who stands to "benefit" by them repairing their own space that they are paying you to use) will come across in a positive way.Plus, the tenant who incurred damage due to the other tenant's leak, may have some legal rights to have the tenant with the leaking pipes pay for the repair in both spaces.Now, beyond the legal side, you also need cognizant that most mom and pop tenants (which I assume these are) are not great with their money.  

However, there are more and more resources that are helping the industry as a whole, so hopefully this will shift more positively in the coming years. 

Also I would want to find properties that would have positive cash flow upon moving out each year which might take some time and a decent amount of analysis.

It's great to run into other positive individuals in multifamily space. 

🤣We only make 1st position purchase money loans on flips, @Brody Veilleux.

High rent growth areas are likely to achieve positive cash flow quicker than low rent growth areas.  5 years for cash flow seems reasonable in many markets.  

If one moves out you still have 3 coming in and positive cashflow. 

Hello Everyone, I am positioning myself to purchase a house hack where I will be utilizing the rent by the rent room strategy.