To thrive in real estate investing, you must maintain a firm grip on your finances.

Those are repairs that we had to pay for, however, and that can cut into your cash flow if these problems occur often.Well maintained equipment is also key.

To thrive in real estate investing, you must maintain a firm grip on your finances.

I don't want to give the impression that we don't maintain.  

“Money goes where money is treated best.”Your future ability to attain and maintain financial freedom depends on the city where you invest.Investment TeamAn essential location selection criterion is an experienced local investment team.

Conversely, if new houses are being built frequently, older properties may struggle to maintain their value.Property taxes also play a significant role.

The model does in fact require owners to share a percentage of their rental income, but they still maintain full ownership of the property and decision-making authority.

You'll have to read the details in your PPM and Capital Call notice but generally you send in more money to maintain or decrease, but never increase, your original position, It's not like putting money into a losing stock where you now own more of the company for a lower average price.You're far from the only person this has happened to.

In your scenario, claiming that $117k depreciation deduction could lower your taxable income from $700k to $583k, which is a huge benefit in the short term.As for the RE pro status, if one of you becomes a full-time real estate professional, you can potentially offset active income (like W2) with passive losses from real estate. 

Since your properties have significant equity and low interest rates, you could consider refinancing just enough to maintain strong cash flow.House Hacking:Consider purchasing a duplex, triplex, or fourplex in San Diego.