I am starting from ground zero, with no prior background or capital to invest, but with a strong desire to create passive income for my family.I currently work as a middle school teacher in California, and while I love my profession, I have a strong desire to explore avenues that could potentially provide financial stability and additional income streams.

So I have 3 STR (3.5%) that are avg $60,000 annually in gross rentals and want to scale but w/interest rates higher, I don't want to cash out refi...any thoughts on how to leverage these assets to purchase 4,5,6 property's?

Next step you are selling off the annual option payment.

U want your parents to talk to their CPA FIRST.. if they go the development route they are now ( depending on the amount of units) creating inventory.. which will be taxed at ordinary income rates ( very HIGH)if they just sell they can 1031  and move on to something else.. many times when you run the math consider the risks of a partnership.. the sale of the land is far better than thinking your going to make some profit.. 

What he had originally told me is that once you hit the $250k threshold, you'll need a company to file annual reports for you.

Sometimes I play for supplemental income, sometimes I play for wealth/equity gain.  

If you're seeking a reliable income stream, consider checking out Cleveland OH.

From cap rates and cash-on-cash returns to net operating income (NOI) and internal rate of return (IRR), how do these numbers help you understand their impact on investment decisions?

If you are buying or refinancing an investment property, you can use a DSCR loan to finance which doesn't consider your DTI or income to underwrite the loan.DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

I'm conducting research for an MBA project and am trying to do a bottom-up analysis of the residential real estate, property management market and what percentage of that market is comprised of properties with out-of-state land lords.The very specific question I am looking to answer is how many landlords own rental properties out of state, and how much do those landlords pay to management companies annually?