You don't need to waste your hard-earned cash on those when you've got BiggerPockets for free. 

There actually is this weird scenario, just past goldilocks, and closer to Alice in Wonderland, where the economy keeps chugging along…. slowly, household incomes crawl ahead, corporate earnings play duck duck goose, unemployment (usually) rises and inflation stagnates.

So if you think you can net say $45k/yr in profit it will take you 3 years to break even if you ignore income taxes.

Prioritize constructing long-term wealth, striking a balance between immediate rewards and long-term objectives to generate passive income and lasting wealth.

I pay 6% interest only on free-and-clear houses, and have also taken over mortgages, subject to the existing financing.A rental ought to be on your tax returns for 2 years before lenders use the extra money as income.  

Could you go reinvest it in another property to build even more income?

Right now we just have a separate personal account that houses our rental income and expenses.

David, rental income is passive income.Placing your rentals into an S-Corp usually doesn’t make sense from tax standpoint because you will be exposing all of the income to SE tax.If you have a portfolio of rental properties that you do manage yourself - you could set up a property management company and charge PM fees, this income will now be considered “earned” and eligible to contribute to a retirement account.

Are non refundable pet deposit taxable income for my rental properties?

I received an insurance pay out and lost rental income through September 2023, which has since ended.