These factors are crucial, yet no software has successfully addressed them—until now.Imagine you have a property in a high-income area, but just one street over is a neighborhood in the bottom quartile of income.

call local contractors.

Call someone like builders.

No one can make you want to own 100's of doors and manage a large real estate portfolio.

I have no idea how and where to get started.

But if that answer was no, then you wouldn't get denied for the reasons mentioned previously.That being said, try elements.org/spedersen.

I thought “If one or two say no, then they all must say no”.

Overall, I expected to pay no capital gains tax seeing as how we lived in the house 4 years out of the +5 years I owned it.

They find and fix the deals and we sign the checks.The idea was amazing for people whose time is completely eaten up by our employers, looking for a way to create retirement with rental income.However, that is not at all what he did.In reality, he found the crappiest oldest homes ( more like death traps), that no other knowledgeable investor would touch, and upsold them to us for $20-50K more than they were worth, lied about the numbers, and charged us for repairs he never did.

All, I have formed 2 LLCs: 1) manager managed (parent), called LLC A; 2) member-managed called LLC B.