But I have many automations set up and have very detailed financial statements I generate every month so it definitely took me a few months to get the hang of it.

Is it by filing 1065 and generating K1's or is there more to it?

As a reminder, our rules require all content to be human generated, based on your own knowledge or experience.I'm shutting 'er down.

For example, you can get a 3 bed/2 bath SFH in a decent neighborhood for about 270-300k that can generate a rent of about 2000-2300/m.ThanksMohammad Parwez336-999-9086https://mohammadrealtor.com  People really invest 300k to make less then 6% net?

But then they look back and wish they would have kept it because it would still be generating income for them.

@Owen Dashner thanks for the kind words, the "grey hair" generation such as yourself has been instrumental in my progress! 

. - Even if it takes me 6 months to find a tenant at $25/sqft + NNNs, I would still generate more NOI in year 1 than on a multifamily property with similar square footage.

Those will have you generating cash, building wealth, and learning how to manage well.

The Millpond Ct property sold for $785,000 on 11/15/2024, generating a remarkable return on investment.

Acquired 1-bedroom rental property, generating 30%+ cash-on-cash return.