It currently seems I’m not going to be coming back to the states anytime soon (given the upcoming projects within the next 3-4 years) but would really appreciate any advice on investment rental property strategy as so to start building the foundation for generational wealth/passive income.We have saved a substantial amount of money  for which the original intent was to buy our future primary residence with all cash if/when we moved back to the states.However, that’s not what’s going to build generational wealth and would rather put that money into passive income investments hence, real estate rental properties.

What are some creative revenue generating strategies that you all have explored?

Also how many state K-1s did the fund generate  in 2022?

I'm keeping my Bay Area properties because of the appreciation and passing on generational wealth to my kids.

So if you had electric included but there was a black out, would you refund here for getting a generator?

If you're an LP that meets the requirements for REPS, but you're not materially participating, losses generated from bonus depreciation is unlikely to help you offset non-passive income. 

Sounds like it could generate some good monthly income, but it could also be a hassle being that far away and only 1 property.Yes, but we have friends in Fairhope that manage rental properties so we aren't as concerned about that. 

Yeah, were freaking morons for expecting anything different to have resulted from raising a generation of human cat's......

You may have to pay an agent to make all these lowball offers, otherwise they may get tired of you wasting their time.3) What can you do to your current house to generate cashflow now or more in the future:- Finish the basement as a separate unit? 

You need a huge amount (of stabilized) real estate to generate the same cash flow as your W2.