It's apart of the process on your first one.If you do a single family and plan to have 2-3 other roommates that are about 25 years old as well, you might go a little bit crazy.

I'm planning on trying to complete 100 hours of material participation... 

Telling everyone it will be easy is participation trophy culture.As I said multiple times, if the original post had more information in it about him and his plans, he would have even better answers.

It’s a small single family three bedroom one bathroom unit, I bought it for cheap and plan on renting on the higher scale by making minor improvements such as flooring, fresh paints and of course new kitchen and bathroom

In all honesty though i think it may be my best option being as i plan to scale and get close to 30-40 properties by the end of 2018.

Hi Kyle,Given your plan to acquire 19 rental units over 10 years, here’s a realistic projection:For cash flow, assuming each unit rents for about $1,200 to $1,500/month and generates $300-$400 in net cash flow after expenses, you could see $68,000 to $91,000 annually from 19 units.Appreciation typically runs at 3-5% per year.

That’s when I realized out-of-state investing could be the best path forward, especially given our flexibility with remote work and plans to travel.Venturing into Airbnb ArbitrageSince I wasn’t quite ready to buy, I ventured into the Airbnb arbitrage space and purchased a master class to learn the ropes.

However, some investors embrace this strategy, especially if they want to minimize their upfront capital and plan to refinance within a few years—particularly with ongoing discussions about the Federal Reserve potentially lowering interest rates into 2025.

Assets identified in this study include:Bathroom Fixtures: Bathtubs, vanities, showers and toiletsStructural Components: Drywall, wood framing and interior partitionsBuilding systems: water heater, electrical distribution, HVAC, plumbingInterior Construction: Wood flooring, stairs, ceramic tileSmoke detectorsThis engineering-based cost segregation study included the following methodology:Physical Inspection through a site visitDocumentation review including architectural plans, accounting records and construction documentsA cost analysis which utilizes engineering principles in order to allocate costs to their applicable asset classificationsCalculation of the depreciation schedule using MACRSAs a reminder, bonus depreciation started to phase out in 2023.

Given California's high property values, your plan to purchase a duplex or multi-family property is smart.