I've been a landlord since 2009 and slowly accumulated 3 properties 7 doors total.  

By the time they wade through the mountain of paperwork they’ve accumulated your looking at six months to nine months.5. 

It taught me that to become rich one must accumulate as many assets as possible while keeping your liabilities at a minimum.

Hey guys, I want to write a research project titled, An Investigative Study On The Extent To Which Accumulated Student Debt Burdens Affect The Real Estate Industry.

The LLC brought property for $100,000 and it depreciated the property by $20,000.You both now have a property with $100,000 and $20,000 of accumulated depreciation($80,000 of adjusted basis). each of you would indirectly own $40,000 of adjusted basis.

You did more doors in just one of your deals than I have accumulated in 20 years. 

Shaun,Congratulations on the portfolio you've accumulated.  

Mech Eng .....consultant, drive control automationRetired @ 49 when my passive income exceeded what I could make working 60 hrs a week.During my years of working I was able to accumulate a lot of property that I rehabbed & sold &/or held high % notes until they could qualify for conv. financing.

or do you want to make the money now so you can accumulate enough $40,000 to actually pay cash for a few deals in a few years and then think about buying and holding? 

I would invest any spare cash (savings from your job, or cash flow from the upstairs unit) into a reserve fund for any major repairs that may come up down the road and then, secondly, to start accumulating cash for a second property.