Many syndicators are able to put together a portfolio of general partner interests which provide enough recurring income to support their lifestyle.The key is to figure out where you want to be on the active - passive spectrum.

I recently listend to some BP podcasts from 2015 and a recurring theme is Josh saying that the market is already very high and people thought it might crash soon afterwards.

There are many hurdles that you need to get past one by one, the first of which is finding notes but more importantly pull the trigger and buy the damn thing.One recurring problem I've noticed is new investors telling me they can't find deals - but when you show them deals they don't buy anyway because they always think the notes are no good.

While on this topic, I'm curious why more Landlords don't set up recurring merchant accounts to collect rents. 

The bill didn’t match any other recurring bills I have setup, so thinking it was fraud I disputed the transaction. 

Seems like a needless recurring expense if he has a high enough salary to avoid it. 

I understand you have renovated and replaced many appliances, so your realized M&R and Capex should be lower for the next 5-10 years, but there will be turnover and other recurring costs. $200/mo is only 4.5% of the gross rents. 

and is a board fee of any sort of one them? if so, how much is it, annually or whatever?

Also, unless you're 100% certain you know the exact cause and fixed it, it could turn out to be a recurring problem.  

You should have a linked savings account that you can use for reserve funds for things like capital improvements, unforeseen repairs, etc...put a little bit away each month and don't touch it for recurring expenses like taxes, insurance, etc...Not purchasing through your LLC?