I felt confident that this guy was dependable and wanted to pour gas on the fire.I increased the number of hours Marilyn was working and ordered another batch of direct mail, all at my sole cost.

Typical equity build up time is 5 years, depending on your market.But can you purchase another rental using your own capital?

Whether you need a CPA with just three rentals depends on the complexity of your situation and your comfort level with DIY tax prep.If things are pretty straightforward, you might be fine with tax software for now.

Depends on what your goals are. 1-4 units are still residential, so it doesn't really matter how you start.

thanks for the guidance @Kaushik Sarkar Since it's development it will take longer to get to the exit. 3 years could be right depending on the market, if the project requires entitlements, how long it takes for permits, no major utility obstacles, etc.

Depending on the situation, a taxpayer could offset some of the passive losses with active income.

Their contribution depends on factors like local demand for ADUs, their design and size, and how they’re used (e.g., rental income potential).

So depending on if you are using it personally and want to have it pay for itself or you just want cash flow will help determine where you should look and what type/size home you want to consider.Please reach out anytime and let me know if I can be of help.

It also depends on the complexity of your flip and how your bookkeeping has been for expenses.

Hi Nick, it depends on your goals and what you're looking for.