If you have a busy 9-5 routine but have the money to get started and don't have enough time, turnkey companies provide some of the best resources to scale your portfolio.

There's a bunch of deferred maintenance and hasn’t been renovated in decades- I'm scheduling a GC to go look at property and give me estimates, but safe to assume it wouldn't be less than $50k, at a minimum, to get it to point of being presentable to renter or buyer. 5.

The underwriter might also request a rent schedule on the properties to confirm the rent is legit for the area.If you are going to buy a home and close in an LLC, the other 7 conventional loans will still count towards your DTI. 

I sell my properties owner finance and has tremendous benefits to the seller I have a call scheduled with him tomorrow and that seems like that route I am going to be trying to shoot for.

(I think one hour is quite fair) We scheduled the appt for 2pm.

I scheduled a walk through and went and saw the property (I'm a licensed real estate agent).

Never assume this is a passive activity only.I'm self employed with a flexible schedule and have long had an interest in Real estate.

Basically you get rid of your operating deductions and file on a Schedule C vs Schedule E.Here is an excerpt from an IRS document - https://www.irs.gov/publicatio...Schedule C (Form 1040), Profit or Loss From BusinessGenerally, Schedule C is used when you provide substantial services in conjunction with the property or the rental is part of a trade or business as a real estate dealer.Providing substantial services.If you provide substantial services that are primarily for your tenant's convenience, such as regular cleaning, changing linen, or maid service, you report your rental income and expenses on Schedule C.

For example, if you have a large multifamily, and experienced a catastrophic fire, or major earthquake, tornado, etc. the PM could lose a significant cash flow stream from the management fees and other routine charges they may have.

If you have a busy 9-5 routine but have the money to get started and don't have enough time, turnkey companies provide some of the best resources to scale your portfolio.