*I am not a financial professional. 

I was even just listening to some of the first podcasts today -i think it was show 11 or 12 or so  - on private funding through seller financing and how they highly recommended not even approaching the subject of financials until they had met and talked at least 3-4 times prior. 

I’m currently working on improving my financial position as to be ready to purchase a small multifamily property.

I have always believed in the power of real estate as a means to financial freedom (my dad bought me Rich Dad Poor Dad when I was a kid).

You'll only see depreciation on your financial statements and your tax returns. 

I don't know what your financial situation is but early on after 5 properties (my primary plus 4 rentals) I hit a wall in qualifying. 

On larger properties, outside of performance calls, owner's usually get involved if there is a big bust in the budget (to alter the business plan if needed), capital expenditures are going to be more than estimated (find ways to cut costs if possible), or leasing strategies need to be adjusted to keep up with other competitive properties (example: providing concessions on new leases or renewals). 

There is a BP podcast where Brad Dantonio talks about his financial independence while owning only 5 units!

I have 2 and 1/2 years left on my Army contract and my goal is to be financially free through passive income by the time that contract ends.

I have been doing a very slow crawl (while I clean up past financial mistakes & save cash for future successes) to get into the investment side, but have been working to gather some priceless experience along the way.We purchased our first home in 2005 and that became our very first rental in 2009!