(Malcom Gladwell, Outliers)the 10000 hour ruleIt takes about 5 yrs of deep immersion to accumulate 10000 hours of study and thrashing about to get to a level of expertise.

My CPA however seems to think I can either way.I am planning to accumulate a lot more properties in the future.So a LLC is only worth it if you are "high net worth" not high earning?

I like yourself want to accumulate enough properties to quit my day job.

With my current earnings, it takes me about two years to accumulate a new property because (A) I need that much time to save 20 percent and to show rental income from previous property to satisfy DI ratio, or (B) it takes that long to qualify for new owner occupancy financing and also show the two years rental income from previous property to satisfy DI ratio.I hope that when my wife graduates her income will help with rate of savings and I, in turn, will also be making more money.

And, this removes the old roof (its historical cost and its accumulated depreciation) off the taxpayer's balance sheet.

From my rental properties i have accumulated passive losses from last year eventhough i have positive cashflow. 

So, props to you for doing it right.I think your next big step should be to accumulate capital - thought the amount that you will need will vary based on your specific strategy.I echo your small multi-family strategy as the best first-step, but that's a bummer that they aren't common where you live.In an ideal world, I would target a lower middle-class SFR.  

@Eric Baum When I started accumulating multiple portfolio loans the amortizations were 7-15 year.  

Obviosly being highly leveraged is a quicker way to accumulate wealth, an investor would have to be comfortable with the route of financeing they take.Would you stick with single family residential over multi family units?

Also, are the newsgroups already in the software application or did you have to accumulate them yourself and enter the website info?