@John Zhang If your wife qualifies for Real Estate Professional Status (REPS) and materially participates in managing rental properties, there is no limit on the amount of rental losses, including depreciation, that can offset your W-2 income.

I was reading up about it, and saw that the cons of oil heating include needing to top up the oil supply, lower efficiency (than gas and electric), and potential leaking of tanks leading to environmental issues.Is anyone familiar with oil heated homes?

If you're left with $107k across all 3 units after ALL expenses are deducted (some people don't include PITI when they discuss NOI) then I'd say it's darn good.

We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.

You might want to study up on the Telephone Consumer Protection Act.

I recommend you include some of your key qualification criteria in the advertisement.

I also have a wide range of other investments, including stock options, which I plan to rely on in retirement.

One of the most important steps you can take as either a startup landlord or seasoned one is to use a platform specific to property management as it will elevate your operation and save you tons of time.The good news is that nearly every software designed for landlords includes these features.

Based on my analysis, the ARV looks to be in the $720-740K range, and after running the numbers, I anticipate a profit of about $40K including all the junk fees and agent fees.A couple of things I’d love your input on:Do you think it’s worth getting another quote from a different GC?

@Blaise Bevilacqua - I agree with the added expense items that others have called out including vacancy, repairs/maintenance, capex, unit turns, and low insurance.