Also there is a management fee to pay for all of the above.

Before you pay for inspections, estoppel, etc. go look at the property yourself.

So if you buy a 5 bedroom house and rent the spare 4 bedrooms = you can still sell tax-free under the 121 (you just pay back depreciation) If you buy a duplex and rent 1/2 and live in 1/2.

Section 8 pays $1,590 for a 3BR unit.

. - If you just personally paid for the renovations then the interest won't be deductible because "paying yourself back" doesn't qualify. 

Policy Loan Costs & PerformanceYou’ll still pay interest when borrowing against your policy.

From our experience with clients, you’d typically expect to pay around $1,000–$1,500 for a single-property return, depending on your situation.If that $6K includes monthly bookkeeping and accounting, it could be reasonable; it could also be low, or high... it all really depends on the number of transactions, bank/credit card accounts, and the complexity of your finances.

A Roth IRA Conversion lets you convert funds, pay taxes upfront, and withdraw contributions tax- and penalty-free after 5 years, offering a longer-term solution.This post does not create a CPA-Client relationship.

Buy and holds is the key to true wealth with all the benefits of depreciation, appreciation, loan pay down by your tenants, leveraging the equity, cash-flow etc etc, but it often times isn't the active income that pays the bills until you build up a portfolio and even then there's the tenant management or managing your property managers.That's why I'm involved in all 3.

In addition, you've got your HELOC on your primary you'd have to be paying back also.