As mentioned can you imagine a complete shower rebuild having no affect.

There can be exceptions, especially if you buy older homes or in non-HOA neighborhoods. 

If you do not, you may get bids from contractors that can not be compared to each other because the contractors have a different view of the quality of work or materials you envision.

We are required to sell one of the properties (we rented it out and used it as a passive income), and I can either sell or refinance the current home I live in.

The tax advantages of buying/holding gas stations are pretty great.Many of the components of gas stations including pumps, tanks, external parking areas, and other equipment are classified as either 5 or 15 year property so you can bonus depreciate a lot of it (minus the land value) and get significant deductions in year 1.With the current bonus depreciation rate at 60%, a $1 million gas station acquisition could still lead to $100K+ in year 1 deductions depending on the specifics of your deal.

As near as historians can figure, Washington’s net worth at the time of his death in current dollars was over $1 billion.  

Section 8 is a tool, not a cure-all.It can be a great program if you screen the tenants well. 

Aloha Chris, you can do more than practice,  you get into the game with OPM.   

You can use Quickbook or Xero to maintain deal wise expenses and cashflow.

My goal is to have enough properties to where I can make 150k a year and have more free time.