If the language of the trust requires all income earned by the trust to be distributed, then the trust is a pass-through entity with no state or federal income taxes paid by the trust itself.

Hopefully, you already asked to see the following items:- lease agreements (look for: special maintenance clauses and what items the tenant is responsible for repairing if any, late fee dues and dates, security and extra deposits, what the owner pays vs what the tenant pays for utilities, landscaping, pest control, etc)- payment ledger- notices given (if any)- copies of annual inspection reports- Estoppel Certificates (show rent, amount of security deposit) if you do not have an agreementYou will need the current property management company to also provide you with current tenant contact information, keys to the unit, and any paperwork listed above.

Did you usually have to change your lifestyle significantly or was trying to live more frugal worth the extra time gained?

You are right, there are new buildings being completed and many units entering the market; however, these are rental units that command a much higher price per sf than my units, and usually charge and extra $150-200/mo for parking, while my places all have dedicated building parking.  

Then any extra money you have save for investing in real estate further.Then for your current property, I would get a loan against it.

If you have high earned income and can funnel some of the extra money into your passive real estate business to make repairs etc that supplements the passive cash flow, can you still write these expense of as business deductions, even though the money came from your earned income?

CPAs and tax attorneys extra.

Earning a commission is more than just marketing....and a $3mm multi comes with alot more work than a SFH.Alternatively, you can offer half of the commission, and sell it as a FSBO. 

Obviously this will cost more than if you hired each trade yourself, bought materials yourself, handled inspections but you should be ready to pay the extra cost and watch everything closely so you can learn.Your question is very short so i can't tell if you have contractors you've talked to and can't decide who to hire, or if you don't know where to look.

I signed up for the Rich Dad/Legacy Education Real Estate investor class in Plano,TX on May 18-20, 2018, and it came with an extra seat.