I’ve not interacted with Marco Santarelli but I suspect they’ve grown as a business and he’s probably more removed from daily operations than he was say three years ago.

I’m an operating engineer and want to spend more time with my family. 

I do cold calling. Appointment set yesterday with very motivated seller, husband recently passed, moving out of state, she owed nothing. Zillow says 114k. Needed a little work, I offered 85k and she said she'd think a...

Income Evaluation No of Units Unit Rate Income       2 Bedroom Unit A 1                 650.00                                    650.00           2 Bedroom Unit A 1                 650.00                                    650.00 2 Bedroom Units A 1                 650.00                                    650.00 2 Bedroom Units B 1                 650.00                                    650.00 2 Bedroom Units 1                          -                                               -   3 Bedroom Units B 0                          -                                               -   Garage Units 0                          -                                               -                  -   Storage Units 0                          -                                               -   Laundry Units 0                          -                                               -   Comm Units 0                          -                                               -   Comm Units 0                          -                                               -   Comm Units 0                          -                                               -   Total Monthly Income 5                                    2,600.00 Total Annual Gross                              31,200.00 Total Annual Cost / EBIDTA                                9,911.86 Net Cash Flow (Annual)                              21,288.14 Net ROI 42.39% Monthly Cost of Operation By Landlord By Tenent Monthly Annually Monthly Taxes x                                       137.50             1,650.00   (From Historical Data) Montly Space Rent (MHP)                                                -                            -   N/A Monthly Insurance x                                       100.00             1,200.00 Calc'd Monthly HOA                                                -                            -   Posted Monthly Water/Sewer   X                                       320.00             3,840.00 Estimated Monthly Garbage X                                       160.00             1,920.00 Estimated Monthly Electrical X                                                -                            -   Tennant Monthly Heat/Gaas   X                                                -                            -   Tennant Monthly Other Utes x                                                -                            -   N/A Monthly Yard Maint x                                         20.00                 240.00 Estimated Monthly Maint - Op Ex x                                       260.00             3,120.00 Calc'd - 10% Cap Ex x                                       260.00             3,120.00 Calc'd - 10% Monthly Vacancy x                                       182.00             2,184.00 Calc'd - 7% Screening/Tennant Management x                                         20.00                 240.00 Estimated Monthly Management x                                                -                            -   At Risk - Self Manage MONTHLY OP EXP                                   1,459.50 Total Annual Expenses                                 17,514.00 Total annual Debt Service                                   8,452.36 Net Operating Income NOI                                 13,686.00   Net Income                                       5,233.64 ROI % 10.42% Low/Average CAP Rate (Net Income/Purchase) 2.92% Extremely Low  Cash Flow per Door                                       109.03 Very Low  Tax Assessment  Estimated Expenses - 50% Rule                                       159.50 Conservative Banked Amount - CAP Ex, Repairs, Vacancy                                   8,424.00

Most recently, I have been in the resale residential market in Houston for 7 years, and I have a small brokerage I operate with a handful of agents.

As an investor, there is a lot of potential for growth, and as I see philly development sky-rocket, I firmly believe holds will generate a good profit in the long run! 

Several niches interest me, such as buy-and-hold rental properties to generate passive income or possibly wholesale acquisitions to utilize my sales background.I do not have a Texas real estate license, and want to learn some in's and out's of the industry before deciding whether or not I will need one as a future real estate investor.  

I would rather sell the property at this point due to capital gains and the fact that my end goal is to generate about 12k monthly in passive income.

@Javier PinedoIf you generate earned income from self-employment activity, then a solo 401k is a great way to save on taxes.

Here is the situation:1) House A is my primary residence, with $200K mortgage. 2) House B a rental with no mortgage (fully owned) and a market value at about $350K3) Plan: Get a 15-year mortgage on rental House B and take out $200K cash out to pay off the primary residence mortgage.Question: Would interest on the new 15 year mortgage be deductible against income generated by House B?