Excess depreciation could be suspended as a passive loss unless you qualify as a Real Estate Professional (REPS) or materially participate in a Short-Term Rental (STR)—which would allow you to use the additional depreciation to offset W-2 or business income.

I have written a less sophisticated web crawler but for different purposes.

If you do not reinvest all the proceeds, any excess amount not reinvested is immediately taxable.

You’ll need to handle inspections, work with housing authorities, and make sure your tenant screening process is solid.

Or I could suck it up and create a brand new website on WordPress for $1000 and then not have to pay more than $10 a month for the web hosting. 

so he has an initial negative equity in excess of $100k.so -$100k / (a very small cash flow when properly allocating for expenses and vacancy) equals years before there is any cash flow.  

I've done one LLC in Illinois and it was easy: $75 to the state, one web form, draft up some routine procedural docs etc. 

There are several other issues (undisclosed maintenance markup fees, excessive charges to our account, significant reductions to agreed rent without communication, etc).

Using a webinar for lead generation can definitely be effective, especially for building authority and attracting warm leads.

When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or refund the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account designated explicitly for future investments.