As mentioned elsewhere, breakeven on cash flow is not the same as break even for taxes.Let's make some assumptions:Rental income = $1000Mortgage payment = $400 - but $300 is interest and $100 is principalOther expenses (repairs, advertising, utilities, etc) = $600Depreciation = $250The above scenario creates a break even from a cash flow perspective, however the tax scenario looks like this:Rental income minus the mortgage interest (principal is not deductible) minus the other expenses minus depreciation looks like this:1000-300-600-250 = $150 LossIf your income is over $150,000, then you cannot deduct that loss, but you can roll it over to future years. 

Getting pre-approved, networking with local investors and agents, and understanding LA’s market challenges will set you up for success.Good luck!

We've pre-leased ~225 beds out ~240 already for next year and 90% of our leads come from that.

They also did not know that their SS mangers were kiting $5K per month of rents so the rent roll made no sense and I got the bonus of the missing $$'s. 

To bring in more people, I do NOT pre-screen before showings, BUT I only do open house showings.

If you’re not paying cash for properties, get pre-approved for an investor loan to understand your available credit.Time FrameThe shorter your timeline to achieve your goal, the more upfront capital and credit you’ll need.End GoalMost investing goals focus on replacing their current income, like $5,000/Mo.

But yea the number of trend for "home for sale" in that zip code is pre-cursor for a downturn.

Its why for all these folks who work with investors in some sort of syndication mode pre emptive REAL communications or reputation management is so critical and it appears many missed that boat and have allowed their companies rep. ( whether deserved or not ) Trashed.   

A wholesaler in Pflugerville brought me a deal when their cash buyer fell through, and it ended up being a win-win.Digging Into Pre-Development Permits: Austin has a lot of new developments, and I’ve had success reaching out to property owners near upcoming projects.

My assumption is that it still will be better to purchase in my name (better loan terms, ability to put 20% or less down, and I'm already pre-approved) and move to an LLC, but this seems like a steep cost of doing business.