Private money lenders do not advertise . its not their business they just have excess cash and want to make a few loans for their IRA or supplement their income.. 

My goal was always to have them paid off quick and have 10-12k/month in passive income from 10 properties to help supplement my 401k.  

By doing the math, I realized that if I reach this goal I will raise enough capital over the course of the year to supplement my income and buy a 3 family home.

I like to supplement my advertising via Facebook ads during the slow season.  

I am interested in "house hacking" - finding a duplex or triplex, using traditional bank financing for the purchase, living in one unit, and renting out the other unit(s) in order to supplement or completely cover my living expenses.

The reason for my interest is that my ultimate goal is to acquire and manage a large number of rental properties, and i figure that managing some third party investments could be a good source of cash flow to supplement rental income.My question is - What types of licensing is required to operate a PM company in Louisiana? 

Let's set the tone straight; most people don't get into the rental business because they like to manage problematic tenants, deal with leaky toilets or attend eviction hearings.Most people follow traditional investment strategies, that are taught to be passive, but that in reality are far from passive for the great majority of investors.At the very core, most people begin in therental business because they believe in the fundamentals of investing and desire to create some level of freedom and passive income to supplement their current income, and at the same time would like to have some sort of control over their investment.There is nothing wrong with this, and i certainly wouldn’t want to discourage anyone from buying rental houses, if that’s what you really want to do.

If the author stashes the cash in a CD earning an inflation-adjusted 0% each year, then the reserves will be exhausted at some point well before year 30, which is fine because cash flow from the properties is meant to supplement the reserves in the long-run.

REI is a great way to supplement the 1099 or W-2.

I have some reserve cash that i would use to supplement any repairs beyond the 35K mark.