I have a property that cashflows negative $800/mo but it still generates $800/mo income (the loan is paid down $2000/mo and there’s a $400/mo Hoa.) because of depreciation the income is tax free, once it’s paid off it will cashflow $2200/mo.

I don't know what the misc expense is, but even adding that back I doubt that would even be what a high interest account generates.

They're not as sexy or glamorous as Flipping or BRRRR, but either can help you generate chunks of cash without tying up yours or anyone else's cash for any real amount of time.

While I love my job and I love what I do, I'd prefer to be able to generate enough passive income to be able to spend time with my family.

Hi @Nicholas CegelskiThanks for posting in the forums.However, we do not allow self-promotion, and posts looking for real estate agents tend to generate a lot of self-promotion.We've locked this thread so it doesn't get filled with these posts, but we're not going to leave you high and dry!

For buy and hold the value of the property is entirely dependent on the rent it generates. 

If you had one piece of advice to give the new agent to start generating leads or prospects and make the “jump” to become a successful agent, what would it be?

I aim to use real estate investing to build generational wealth, enable me to work a traditional job only if I want to, pay off my student loans, travel on demand, pursue dreams and to give money away to worthy causes. 

I think the consensus there is that the older population is dying off faster than the younger generations are moving in....but that dynamic is still creating a stronger rental market in the area.

For me its when the project is complete and I can pull out the equity generated through development or renovations.