And they execute their investment strategy/model (develop, resell, hold, etc.) effectively to generate a return and/or equity and make a living.

And, if you were able to generate $500/mo cash flow as Scott suggests, his method would not replace your income: if you could do only 3 properties a year that would net $1500/mo cash flow and it would take you 10 years to scale it to $15000/mo.

I'm looking into various cold calling companies to help generate leads.

In making this post here on BP, I wanted to humbly come to the forum however and start from scratch in terms of idea generation as to any and all avenues to pursue in getting the word out there so as to not miss any options.

House Hacking a primary residence is the best way to generate wealth so I always recommend that as the next move. 

My current brokerage does not help generate any leads or anything like that.

Hi everyone!I am a realtor in Marlyand and last year I bought my first duplex which I currently house hack. I am looking to buy another multi family property but have noticed lots of obstacles when looking off market....

Could someone explain that to me or if there’s anyway to deduct those expenses.Hey Troy,  When a property is not “in service,” it means it is not yet available for rent or generating income.

Your specific variable expense assumptions are wrong, BUT you stumbled into them being correct overall.Also, you are approaching this correctly - entering in the numbers to generate a purchase price that meets your metrics:)

Open houses are typically used to generate leads, not sell houses.