Though this method assumes cash flows from amortization are recognized in the year the occur, which we know not to be the case, so this method is also flawed. 

But... from what I gather, not all states (including WI, where I intend to purchase properties) have laws or cases that recognize Series LLCs or "cells" within a Series LLC.

I also recognize that we've had the wind at our backs with a rising market for nearly a decade.

For years I owned one self-managed property that I was easily able to do the bookkeeping on with Excel.

@Adriel WattsWait a minute, how did your PM not recognize the possibility that the Type X drywall on your garage ceiling could fail?

It is crucial to surround oneself with continually learning and growing individuals.

I firmly believe there's always opportunity wherever we are, we just may not always recognize it.With that being said, yes there are certain markets that have great growth metrics and are widely known as some of the top investing markets but ultimately you need to decide on a market and location that makes the most sense to you.As of right now I've only invested in Arizona.

Does an Airbnb also work if its managed by a management company and not oneself?

See - that's why you are @J Scott :)Newbies listen up: it is important to recognize all of the value centers in a particular proposition.

Don't include photos of the outside of the home or photos that she will quickly recognize.