With short term rentals it is very achievable to get returns in the 20-40% annually range, and this is without loan paydown, appreciation, or the tax savings that come with owning real estate.

'Service providers' could include real estate agents, accountants, attorneys or even a non-profit organization like NACA-Neighborhood Assistance Corporation of America (not that they don't have their issues).Property Inspection Report Property style: (duplex, rambler, Victorian, Spanish style, etc.)

BTW one of my tenants is Mexican lady and this morning she said she’s definitely familiar with the specific style of clothing they wear, the cars they drive and their tats..I believe “cholo” was the term she used, or Mexican gangster when she was describing them to me.

Let's face it though, we're here to make money and achieve financial independence.

Tax losses are not always book losses.I look at it this way.With all of his jets, hotels, Burger Kings, Pizza Joints, book income, and that big shiny black Rolls Royce, whatever number ends up on the bottom line of his tax return is not a good indicator of his achievement--but rather it's an indicator of the work of (probably a bunch of) "Great Tax CPA's" (which so many people in here always ask for).And the rehab on that Old Post Office is impressive, truly an improvement to the neighborhood.

Captains log - Day 1 of achieving my BHAG goal in 16 multifamily doors.Maybe this is a dumb question but either way I am asking. 

What I don't buy at auction, I buy at Wal Mart (linens, cookware, utensils, etc).Washer $75.Dryer $75.Stove $100.Fridge $100.2 recliners $50.Tables and lamps $50.Dining table and chairs $50.2 bedroom suites $300.2 old style televisions, free.That's $800.Probably spend $400 at Wal Mart for soft goods.Finally my biggest single expense is the Smart TV for the living room, $250.My tenants work 10-12 hours a day, 6-7 days a week. 

The concern is finding the right one that you can learn from and work with you to achieve your goals.

I'd love to help you achieve your real estate goals and get you started on your journey. 

I am loving it @Dave Meyer I like the conversational style that comes with a panel show.