Quote from @Roy Gottesdiener: I own a rental portfolio that generates around $1,600 in monthly cash flow and has $400,000 in equity.

Typically, if they can make it work as an STR they go that route because it almost always generates the most revenue.

Having rentals that just pay for themselves or generate excess cashflow you can tap for other things?

u can see these homes on my website. also if there is any way to manage it.. if you can figure out how to get paid as a WA resident you will enjoy the same no income tax status you enjoy now.. 

This is a large National Self Storagecompany, thus they don’t want your Business name, website, etc.

However the older generation that lived through the 80s really like that arcade cabinet and they are the ones paying for the trip. 😉 

But if you were to use it as an air bnb or ir it is raw land that you can generate income from by farming or renting out to farmers or grazing that would certainly work.

I would like to start generating some passive-income and start with some residential properties in my initial portfolio.   

@Ken M. if the Morby's subto wrapper cant payoff the underlying 1st position loan when it's accelerated because of the sale, then he/she would have to liquidate the wrap note (by selling the note) to generate the cash to payoff the underlying.

With Baselane, you can easily generate reports for tax time that are organized and ready to hand off to your CPA.