.$10k down payment$45K note$13K accumulated depreciation$29K cost of propertyThank you!

Passive losses like these can accumulate until they are needed in later years, but can't be counted against your active income (W2,1099) unless you qualify for the real estate professional status.

Through the years I began to think more strategically, and slowly but surely a ideal portfolio began to take shape in my mind that I was able to use to guide me in both acquiring assets and disposing of assets that didn’t fit the portfolio.Seems to me that when Capital is limited, and your main asset is the long term time horizon available to youth, any time spent thinking about  “your portfolio” is probably wasted; to accelerate wealth accumulation you have to decide the degree of risk you want to accept and accumulate assets, or more to the point “do deals” that give you the greatest return for that level of risk.  

I have a day job here so I can accumulate wealth and keep buying more.

I've already exhibited the benefits of real estate investing for long term wealth accumulation and told her how much house hacking will save us on rent while building equity! 

The math quickly points to far more cash is required for a cash flow strategy then folks have on hand or in the next 5 years, even on the midwest.House hacks are a great way to go to build equity which can then be turned into cash flow.Easier to take $50k of equity from a househack and to BRRRR into the next deal then it is to accumulate through a $200/mo cash flowing unit.

You'll need to work on accumulating some cash to deal with this paperwork.

While my 60+ doors have accumulated wealth for me, I am not living large off the cash flow.  

A few years ago the focus seemed to be to accumulate real estate with as little cash as possible.

Id like to accumulate information then apply the lessons I’ve learned to real world scenarios.