However, the bank looks at financing 6+ units mortgages at a income producing standpoint.

You may be choosing between 1 income producer and 2 within the household.Third, if both of those properties appreciates 2% per year for the next 5 years, you realize $20,816 on resale in the latter example and $13,877 in the first. 

Very glad I decided to purchase this property with the cash flow it produces.

Front yard was covered with blood and body parts in the snow from a deer that they hit and dismembered.

But good fiscal planning is to get rid of debt that isn't producing income (student loans, auto loans, credit card debt, etc) There is always a deal on a house out there and if the situation is correct you can even build your dream home sometimes cheaper than buying, based on where you chose to live.

You can promise them, let's say an interest of 6% on their money.For example, if that $1M property has a 12% cash on cash return, that means it produces $120K in income per year (after debt service).

Hey man, not a CPA or EA but here are a few things I've picked up on and recommend you verifying with a CPA or EA.The passive loss a rental produces each year can be used against your earned income (W-2 wages) if you earn below $150k married.

I still own this duplex as it does produce positive cash flow.

Hi All,I am a recent college graduate who is looking into rental property investing as a tool to produce passive income.

If feasible, I would knock down the restaurant and produce storage units for the members in that community.