I don't know about you, but in 30 years I'd rather be sitting on a million-dollar asset that I own free and clear (because someone else paid it off for me) that is generating multiple, multiple times the rent I was collecting when I first acquired it and in which I can fill a vacancy with a qualified tenant within two weeks because the area is so desirable that it can't keep up with housing demand than on some boondocks asset that I only purchased because it was the cheapest thing around and "cash flowed" $200 per month on paper but barely appreciated over the years and whose rent appreciation has marginally kept up with inflation and takes me three months to fill a vacancy with a "qualified" tenant who even then might get behind on rent because his hours were cut at the gas station 30 miles away (true story; my tenant worked at a gas station in Boron--only job he could find).Personally, I'm keeping my 4-unit in Santa Clarita and investing in development deals and notes until an incredible off-market deal lands in my lap (keep dreaming, Logan) or the SoCal market cools.  

If the working spouse has a salary of 500k with the employer taking taxes out of their paycheck, and they purchase a $1M house that their spouse materially participates on, after cost seg/bonus depreciation that would net them around $100k in cash via a tax refund after their $350k tax deduction from the bonus depreciation.And what better to spend that refund on than the down payment on another house to use for bonus depreciation next year, which generates a big refund next year, which you can use for another down payment the year after, which generates another big refund the year after, and now we're scaling baby.And now a decade or two later you've got 10+ properties. 

@Scott Scoville  Not a wholesaler but two pieces of advice.

There's two different borrowers risk, the underlying borrower is no longer the one underwritten, and you cannot anticipate the new borrower's intentions.

Hello,Ive recently joined a team of two, who manage roughly 60 properties at the moment but will be at 200 by the end of the year, is there anyone who would be willing to connect and share advice on how to properly support this growth?

Two of the bigger criteria is expected appreciation and expected risk. 

Thanks Your rental income (does not matter if long term or short term) of your schedule E is calculated using this form: https://content.enactmi.com/documents/calculators/Form1038.C...Your schedule C income will be averaged over the last two filed taxes returns.

Why do 87% of all agents quit within two years?

Some months it’s a big renovation that may take 5 months on a new property and some months it’s just some mowing and maybe one or two little maintenance calls.

Any option in the middle of these two is when trouble mostly happens.