You will learn to be efficient with your marketing dollars and time and the community is very supportive.

If your priority is cash flow, then you need to look at markets that support that.

@Michael Beirne Lower priced markets such as Baltimore are very difficult to operate in utilizing entirely 3rd party support.

@Polat CaglayanI've never seen a formula but here is a general rule of thumb for multifamily:The class of an apartment refers to the quality of the building, which can be determined by a number of factors, including age, location, and condition: Class A: These are the highest quality apartments, typically built within the last 15 years.

Each town has different rules regarding rent control. 

Hi Ariel, welcome to the BP.Wishing you all the best on this journey, and I’m happy to connect if you ever need guidance or support.

And, sounds like you're exactly at the 1% rule, which is golden!

Surround yourself with knowledgeable professionals who can support your real estate endeavors.

I will not comment as to the tax laws and underlying rules - that is a discussion you can have with your tax advisor who presumably you are paying to help you.What I will do is provide practical and business guidance on tracking time.Firstly, there are apps available that can assist with time tracking where you can specifically detail your time, who you met with, etc.

Stairs are the only way to get in, no grab rails in the bathroom, ramps that are too steep, etc.From what I've read, all commercial businesses/buildings (including ones before the ADA was passed) have to comply with the rules, unless it would be outrageously tough to fix (like installing an elevator in an already built building).Are all these local business just not complying and taking the risk, or am I missing something?