This was my hard earned dollars that I had scraped and scrounged to accumulate.

BackgroundMy wife and I have lived in our principal residence for 8 years and accumulated enough equity to take out a HELOC (currently at 4% interest) to use for a down payment on our first rental property.

If you are seeking out asset accumulation and equity appreciation over the long term then there are certainly fortunes to be made.

I have become obsessed with buying all of the good multifamily rental property leads my wholesale business brings in because I know that is the true way to accumulate wealth.So obviously I want to keep buying these properties, and I want to go into larger territory (25+ Units).

Apply these general principles to your initial real estate investing career (and wealth accumulation in general) and you will be on your way.My $0.02

Good news is that passive losses can be accumulated for taxes and in STRS almost anything related to the room is deductible.

My goal is to accumulate roughly 100 units that match my goal of $100/unit net income per month which would set my NET CASHFLOW at $120K/yr.

Welcome to the university of real estate investing, I say.I am putting in a lot of my own sweat equity and that, alongside with business meetings with the wife, networking with other investors and all the communications with my real estate agent, insurance agent, lenders, contractor and subcontractors, are accumulating to the point where I can likely achieve the 750 hours of real estate work required to designate myself as a "real estate professional" on our next year's tax return.

Cash Flow: The goal of a LP syndication investor is to create a "ladder" of investment that create accumulated cashflow and cashout at different times.

I have only a few IULs that I use because they have the lowest fees (highest cash accumulation) in the industry.