I recommend it all the time to people looking for a steady income and not too difficult job.

The folks on this forum want to help others, but there is also a basic level of accountability that investors should have as well.

On the other hand, Option 2 with the BRRRR strategy entails owning a single property outright, building long-term equity, and potentially cashing out through renovations, but it's a slower ride, relying on successful renovations and favorable refinancing options, and you're starting with just one property, which may limit your income potential.

A professional company costs more but they will do a better job of protecting your property, income, time, and sanity.Here's my generic guide for finding a PM.Start by going to www.narpm.org to search their directory of managers.

Normally the tenant will initiate their payment, it will take 3 or so days for the payment to withdraw and another 3 or so to deposit into our account.

Thanks to the Cost Segregation Study, the property investors were able to reclassify the property into shorter useful life categories resulting in first year depreciation of $203,600.The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.

Any professionally run syndication will have an accounting software that should generate that report for any deal within seconds.  

This is how Wall Street brainwashes us to constantly throw money into a 401k instead of investing in income producing real assets.

Though his gross income has improved substantially on paper from the horror 2020 days I’d still say he’s at 25% DTI front end.

I have 3 evictions 2 from the same company in 2016/that was bought out by a realtor from California, that didn't care we had lived there 4 years with no issues until rent hike.Now I have the new Mainstream Section 811 voucher for disabled low-income families.