If you or your spouse may qualify in the future for RE professional IRS status it could make sense then, or if you have other rentals that are producing passive income great enough to utilize the offsets. 

If your real estate produces passive losses every year, why would you want it in a tax sheltered account?

If none of this produces anything deeper just reassure your wife you’ll have a safety system to catch your daughter if it ends up overwhelming her.

I’ve finally got the courage to take action and I’m currently trying to wholesale to build up capital so I can start to invest in properties that I can buy and hold to produce passive income.

The benefit of brrrr is the value add of the rehab produced more equity which would then be able to be pulled out with a refi.

I’m just extremely intrigued by the idea of having a high volume of units that produce monthly income and I like the overall structure and efficiency of the BRRRR method and the fact that it requires you to be proficient in several areas, if that makes sense.

Ideally I’d like to kill two birds with one stone: purchase a home for myself( for my son and I) with the opportunity for it to be income producing.

"Only uses ice water to produce shatter in the bathtub"?? 

They typically cash flow less, but normally produce better quality tenants that stay longer and experience more appreciation over the long term.

I'm just wondering if anyone out there owns properties that they use for short term rentals with sites like Airbnb, and if those properties produce significant cash flow.