What REI don't get, is equity is actually what you are paying for a property. 

@Chris Lin not sure where else you own properties, but all their fees are what is normal for the Metro Detroit area.We have heard some PMCs offer lower fees in other parts of the country, but from what we've researched, these only apply to Class A properties - which are REAL easy to manage.We actually charge LESS than average to manage Class A rentals in our market.

And end of year actuals never pencil out like the spreadsheet...I'm not saying that it's a bad idea; I would just urge you to proceed with extreme caution.

Jaime, I'm actually sitting in a hotel in Lehi, near Salt Lake, right now.

That was right up until we started purchasing rentals.We have an LLC so we actually pay $400 per year for our LLC to file and then another $150 for us to have our personal taxes done. 

Thanks to COVID, for a couple of years, you can actually make enough money to be cash flow positive even if you hire a property manager AND have mortgage payments. 

If you don’t have a shop, you can still point people to toys, but you’re not supposed to act like you own the shop or start setting prices for toys you don’t actually have.Here’s why some wholesalers avoid getting their toy shop license:1.

This is just expected, would think if it did not happen it's actually bearish news.

The mega backdoor roth sounds great in practice, but in real life situations I've never actually recommended it to anyone. 

I am actually kind of astonished by this.