Focus on high-demand rental areas (suburbs for multifamily, tourist/business hubs for STRs) and consider scaling with the BRRRR method to build passive income.

I then did some wholesaling, land flipping, did some more buying and am now just doing lending to build up active income.

Would that lower our tax liability from other income we receive or no because this is purely RE and not an operating business?

A property manager should always account for both income and expenses—you’re the owner, and you have a right to see exactly where your money is going.It almost sounds like he thinks he’s doing you a favor instead of working on your behalf.

To analyze deals efficiently, focus on key metrics like cash flow, cap rate, and expense ratios—make sure rental income covers mortgage, taxes, insurance, and maintenance while hitting your 6% cap rate target.

Many hard money lenders offer loans that include rehab costs, which could be beneficial for your BRRRR strategy.Alternatively, if you find a lender that offers a DSCR loan with a lower down payment requirement, that could be another route to explore, especially if you already have positive rental income history.

Market fundamentals to consider: population growth, average income, median home price and average rent, crime rate.

I also live in Tomball and have a similar need for a CPA with heavy RE / investment income experience.Matthew

You can purchase a primary home with seller financing, then rent out the spare rooms to generate income.

The only thing that makes these properties turn key is the fact they are move-in ready for a lower income tenant with low expectations.