Amid surging demand for apartments, the US rental market is contending with the largest supply of new units in four decades. A report from Apartments.com shows that 178,000 newly constructed units entered the market i...

& how you become financially free is by letting whoever your renting to (I'm guessing that was a step also?)

Unfortunately, unless you see the underlying financials as well as supporting data for those financials, you do not know whether there actually was cash from operations to pay your distribution or not. 

A good real estate 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 specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your accountant remotely to expand your options.I would also recommend looking for an accountant willing to work with you throughout the year.

Interestingly, the records do include the downstairs space as part of the livable square footage.

The accountant would record it as of Jan and not Dec. 90% of the real estate investors are running cash-basis.

Right now, you may be looking at it as scalable, but assembling a team without a track record is hard because some may end up being leeches.

Unlike banks, which offer limited loan options, brokers have access to a wide network of lenders, including niche and non-traditional financing sources.Here’s what they do:Assess your financial situation to determine your borrowing power.Compare multiple loan products to find the most favorable terms.Negotiate rates and terms with lenders on your behalf.Guide you through the application process, ensuring you meet all requirements.Example: Suppose you have a lower credit score or unconventional income sources.

Your contractors, staff, and the financial markets will create challenges. 

I am a firm believer that if someone raises money they should have some sort of experience and also financially have a strong foundation themselves.