agreed it does not matter for the fully engaged RE professional income varies from year to year.. this is why we hire CPA. it is what it is.. now we can take steps through the year.. like buying things that we can get accelerated depreciation on etc etc..

A couple replies: The property would be managed by a local professional property manager who is paid out of quarterly maintenance fees charged to the owners.

Once you have your shortlist, I recommend hiring a professional title company to handle the detailed due diligence.What’s in the Guide?

Readers should seek professional advice.

Network: Connect with other investors, real estate agents, and professionals in your area.

Get rid of this tenant and stop the bleeding.P.S. the money you are losing each year is more than you would pay for a professional property manager.

.- what I am trying to say is that, if you are a "professional fund manager", you could create your set of portfolio that could beat the market , in this situation , the 401k is even less important.

I had a friend who house-hacked a duplex and found that while being next-door helped him quickly resolve issues, it was tricky keeping the relationship professional.

Network with local real estate groups and professionals to connect with professionals.

ElectricalElectrical and plumbing inspections are best left to the professionals, but there are a few simple checks that can ensure you’re not buying a total lemon.