In order to determine if your property is eligible and ensure your assets are assigned to their respective recovery periods, a cost segregation study is needed.A cost segregation study is a strategic tax planning tool that separates the assets that have a shorter useful life and can be depreciated over 5, 7 and 15 years from the residential rental property or nonresidential real property that are depreciated over 27.5 and 39 years, respectively.

.: *assumes CA averages for valuation, rent, profitability, etThere are strategies for starting small or starting big, that are discussed but I am not entirely sure what would be like too big for a first deal...My inclination is to assume that the larger the asset or more units the better, as there is less tenant risk, professional property manager, etc.

If you want some very broad strokes that are asset class specific, but not location specific.Highest risk and return to lowest risk and return, offices is at the top.

A financial advisor is going to be able to offer you REITs or similar products, whereas an agent can help you navigate markets and specific properties. 

Quote from @Blake McWilliams: I believe it's well proven that automation and systems not only help us keep our sanity but help us increase production exponentially.  

You can make straight Roth contributions or convert cash as you’re talking about but you can also convert assets from pre-tax to Roth.

asset type, total square footage, state/city, and also the level of rehab you're aiming for.

To which I have been told that we would need around 25K-30K in liquid assets in order to be approved.

.: I have a main company, that owns a bunch of LLCs, each LLC holds a single real estate asset. 1 of the LLC also acts as a management company for the entire portfolio.Now it creates a problems that with each LLC, I need to file a tax return each year. and so far I am doing them by excel copying numbers from bank statement, which is a nightmare.Quickbook online charges $24 each month in Canada, which really adds up with the number of holding LLCs. and I don't feel like what I require from it justify the cost.

This also helps with asset protection, monthly bookkeeping and annual tax return preparation.