When the time comes to generate a P&L, you can generate reports by class.

I've bought like 7 rentals and am beginning to get declined by traditional lenders as I'm too highly leveraged (many of these 7 don't have enough history), but I'm interested in purchasing a $400k 17-unit package in MO that already is generating like 7.5k/month.

@Dave Foster  speaking of Starker  my favorite deals were 1031 timber deeds for multi family.land owner gets to log with tax deferral the trees are on 60 to 70 year growing cycles... so now they own a multi that cash flows nicely.. they still own the land that I replanted  and the next generation will do it all over again.

I'm using the scenario where you have another business or a source of income that generates more than enough cash to invest in rental property)@Jim Shepard - does this mean you typically take 15 year loans (or shorter) since you have another business that generates income?

One this that has helped me is focus on lead generation. get on YouTube and watch as many as you can on that.  

My long term goal is to retire from the military and have enough rentals generating cash flow so that my income doesn’t change once I retire.

After that, it's a commercial property and the value is based on the revenue it generates.

I'd like to get into wholesaling to generate capital to begin buy and hold and build passive income, you know the deal haha.  

I'm assuming the GP generated income and all of the income should be exempt?

Run your numbers and make sure this home will generate enough cash flow to keep the bills paid.2.)