Currently a cash flowing rental with some appreciation.

If you have decent terms on the land with low property taxes, add some insurance and you should still be able to cash flow easily.

If you're open to sharing, I'd love to know what your Year One cash flow and cash-on-cash return are projected to be.Also, do you plan to continue acquiring more deals using conventional financing?

@Ashish Acharya, @Basit Siddiqi, @Natalie KolodijThought that a single member LLC doesn't require a separate return and everything flows through to the 1040 Schedule E?

It's also REALLY REALLY REALLY hard to cash flow if you are paying someone this much off the top.

I would base my decision to buy more on my investing goals, am I buying for cash flow, appreciation, or tax savings.

Long distance landlording when starting out can be very tough.The folks I see succeed the most have all had good W2 or inveting income flow from non-real estate when they started investing in real estate.  

Do you have a current need for that cash flow generated from the tax savings?

Millions of people need a safe, clean and affordable place to live.

For my senior project, I am researching the ideal marketing strategy for a hypothetical (but could become real) multi-unit Tiny Home STR property in Malibu, CA (with the potential to generate huge cash flow and long-term equity ;)To graduate, I need a guest from a real estate company to sit in on my final presentation (10 minutes) and to provide brief feedback (3-5 minutes) on Tuesday, April 23rd at 3:00 PM PST on Zoom (15 minutes total).