Next, we launched our AirBnB business and were able to take some much-needed vacation time thanks to the passive income it generated. 

Therefore, in my opinion, we saw our share of people moving away and now a generation has passed on contributing to many of the recent articles about Pittsburgh's "declining" population.

It can make assumptions (like flat 50% operating expenses, based on rent), or you can itemize each cost.

I've been listening to BP podcasts and reading real estate books every day since that day.The genesis of my motivation to learn about real estate is to find a smarter way to utilize my excess capital to generate passive income.

and someone else is helping us paydown the mortgage for the Santa Clara homeWe ended up buying a home with a huge lot size in Milpitas (12K) and now I am looking to add value to the plot by adding an ADU & expanding rooms & generating some rental income. 

@Rashad Luckett what is the net operating income now that you have the refi in place?

You could form a Joint Venture Specific LLC and have a good real estate attorney draft an iron-clad Operating Agreement to minimize your risks, limit liability, and protect your personal assets all at once.

Once DD has stared and I can flesh out the operational details like what will CapEx look like month 15 when I have to replace XXXX and this county adjusts taxes biennially so in month 21 I can expect a 10% increase.

Hey @Stephen Lee , we hired a virtual assistant team to run our operations from acquisition to disposition.

I have read Rich Dad Poor Dad and have a great vision of what I want to build...a large REI firm and operating my own rentals.