There's still plenty of time to build generational wealth through real estate, that's the beauty of it.

.- rentals do not go under an S-corp, which is why a separate PM company was suggested- S-corp technique on reducing SE tax is both tricky and costly, and you cannot set up your salary arbitrarily- you can only base your 401k on the part that IS subject to SE tax- you usually cannot generate enough "earned income" from this 2-companies setup to make it worthwhile for 401kSee, it is not simple.

It has the ability to set up custom workflow, manage documents (including a doc portal for borrowers to upload), servicing management, auto-document generation, and email templating for streamlined communications with vendors like title and escrow, insurance agents, borrowers, and investors. 

My main goal is to ensure that I generate a monthly net profit of 2000$ within 6 months.

Hey BiggerPockets Community,I'm a beginner in real estate investing and looking for some guidance on the most effective way to invest and generate cash flow, particularly in the New Jersey area where I reside.

Our first product focuses on property disclosure packets, using AI to generate insightful reports highlighting safety concerns and repair estimates.

We have had success renting 4 and 5 bedroom house Section 8 to larger families and multi-generational families. 

Networking Strategies: With many events going virtual, have you found effective ways to network and generate leads online?

However, I would appreciate further clarification on what you mean by having a Plan B, C, and D.In my experience playing the BRRRR game on a smaller scale, typically with homes valued around $200,000, I have found that it can be challenging to generate significant monthly income, Instead, the focus is often on building a portfolio without having to make substantial out-of-pocket investments, which is indeed advantageous.

Since the studio apartment is now an income generating asset...any expenses associated with the studio apartment are deductible.