Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

I want to hear some feedback to know if it's good to spend the money and time in his program.

If your time is worth $500 an hour I would spend the 5k on 10 hours of searching for a free mentor.

With less experienced or just poor planning operators, it isn't uncommon that they spend years distributing all the cash out to the owners, and then the time comes for a multi million dollar refresh to maintain the hotel brand, and no one wants to cough up the money back into the entity.

Company overhead - you will need to spend $5-$10k per year on taxes and company overhead. 5.

Spending $15,000 on minor updates in a Hyde Park two-flat could raise the rental unit's value by $300/month.5.

The main issue is that to do the ADU you have to spend so much bringing other items up to code like electrical, plumbing, lighting (windows) and egress.

You’re building a thoughtful plan that’s set up for success.

So basically $2M annually.So I could spend $200k and make $24,000 in a year, or I could spend $200k and make $2M in a year.

A good tax accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in business taxation, financial planning and tax planning.I would also recommend looking for a accountant willing to work with you throughout the year.