It depends on if you're an llc or not, it depends on what state you live in, it depends on if you're a single member llc or a multi member llc- ultimately the numbers flow on to your tax return- your 10:40.

We live in a great country where I can operate my business one way, you can operate yours a different way.

I think it is great that you have sold 20 houses last year but really, with that many houses that you sold, you should have more than 20k saved up right now unless you are living on that income.  

Just passed the 2 year mark of living in our current condo and about to move into the vacant unit of a 4 plex back in the state we grew up in.

Good afternoon everyone,I conceder myself somewhat a newbie at this, I currently have 2 properties, 1 I live in the other is rental.

Of all the coastal States (Cali, Florida, Oregon) I've lived and invested in, by far the lowest carrying costs are in the latter. 

The cost of living is extremely low compared to other cities and you can still many many positive cash flowing and 1% deals here.

Tenant lives in a 2bed/1bath apartment. 

The downstairs unit (1 bed/1 bath) I'm currently living in but I need to move back to Los Angeles at the end of the month.

Someone with one newer aged rental, who has a rather high income, such as a surgeon who lives alone comfortably with a lot of disposable income, could possibly carry less than a Mr and Mrs just starting out, with one rental that they bought as a turnkey in a more downtrodden neighborhood in a different state.