Do something on your property daily, Don’t let it sit idly and forget about it.

Need to do a more detailed analysis here but I would expect relatively low cap-ex in the next 10 years.Home is in a good area (on a quiet street but still walkable to restaurants/bars/parks, schools are average to above average)Expected rent would be about $1500/m based on quick analysis of current listingsOur new location we're moving to will be about 10-15 mins awayI would like to manage this property myself but budget for property mgmt anywayIf I get into this and HATE being a landlord, or decide owning rentals isn't right for me, I have 2 years to figure that out and at that time could still sell the home and not pay any LTCG tax on the proceedsShort term goal: Since my personal situation will inhibit my time and ability to pursue scaling a rental property business in the short term (say 5-10 years), the goal of renting this property out will be to pay it off as quickly as possible and let it sit there providing good monthly cash flow, or possibly refi to lower monthly payment and increase cash flow if the payoff timetable isn't short enough.Long term goal: I would tentatively like to scale into owning maybe 10 or so rental properties at my time of retirement (say 20 years from now) to provide good cash flow in early retirement, and to keep me busy.

The rest will sit there until you sell something with a passive gain. 

Now the left overs are sitting.

I even picked up a property on Craigslist. 17k sits on a double lot.

Some more pros (or reiterating):Direct acces to ON MARKET propertiesNetwork with other Realtors and maybe get leads from themEarn the purchase/buy commission (not much for a distressed sale)With a supportive broker get discount on listing commissionCons...Have probably ~$2k annual feesProbably have to sit the front desk at the officeGo to office meetings / maybe have to “make money” for your brokerHave some startup costs for signage, etcTechnically need to declare yourself as Realtor all the time (could be a pro)Time taken away doing “realtor stuff” when you could have been focusing on your primary/niche profit activitiesThis being said, having a license may just be part of a career path.

Give me a call - I'd love to sit down with you and go over the advantages of this program. 

There are plenty of cities that are not fond of this law and will be doing everything they can to fight it, but as it sits that is the law.

@David Li just sit and learn to get comfortable!

IF the client gets a notice regarding not filing a partnership return for the initial year(s) in which an obligation did not exist, which they almost certainly won't, it takes much less time to draft and mail a response letter to explain the situation than to prepare the unnecessary return(s).  It