I am a travel nurse practitioner so I was considering taking an assignment in Dallas in January to go ahead and generate income there.

We rehabbed a SFH in a historic district and broke even, which is not ideal as a business, but the home meets the historic code for another generation.

It's what one random property manager has been able to do with one random property.

A good approach is to use direct mail for lead generation sending leads to a website or to a toll free phone number.

Awesome story of your grandfather's grit to acquire this multi-generational wealth for you all.Honestly, commercial loans are scary. 

Because of depreciation many people generate a passive loss from renatls even if the rental cash flows. 

Also assistance with lead generation, closing and etc would be very much appreciated.

However, there are two scenarios in which you can earn greater than $150,000 per year and are still allowed to claim up to $25,000 in passive losses by combining gains and losses under Section 469.The first way is to combine rental property with investments in which you also materially participate in that have passive activities that generate income.

If the cash flow generated should be deposited into that specific property's checking account, how would I access it to use it for other ventures or personal expenses?

What software or company would you recommend for lead generation?