There are plenty of people at retirement age who do not have $500,000 liquid (or illiquid) on their personal balance sheet.But that 28 number has a downside ... you have a long way to go in your life and lots of things can happen in your personal life and in your real estate business that will alter your business and goals.First, to earn $10,000 per month ($120,000 per year) on $500 K is a 24% return ..... possible BUT you probably can't count on that much return EVERY year in any investment (OK ... somebody will dispute that assertion).I suggest that your (soft) goal for the next several years would be to double your capital to $1 million by doing what has worked for you.  

It sounds rude, but sometimes you need to assert who’s boss.After the meeting adjourned, we all made our way to the main lobby to exit the building.

@Frank Wong Well, in this instance I would want more information from the OP, so that I could give them my best assertion.

You can be nice but also be assertive.

Your Comment on Zillow: "The house was built in 2015 and is new construction' If it was built in 2015 it is no longer "new construction" and your assertion that it is, confuses people.

Yes...except that's not what you asserted and not what I responded to. 

If you want to assert yourself you could send them a letter saying that it seems they have a new occupant and everyone needs to sign something adding that person to the lease.

His assertion was that as I am not a licensed RE agent, I can’t deduct any training or tools expenses in 2018 considering I don’t have any RE based income in 2018, however once I have rental income to report in 2019 taxes, then all these expenses can be deducted.

Especially if you're asserting the LLC is involved in "real estate investing"?

Then again, I completely understand where you are coming from, which is you are ok with pets, so long as they are handled in the way you want them to be handled.So,I might go to them and blatantly assert to them that they have violated the lease and that is not ok whatsoever.