We're looking at starting small with something like a condo to produce + cash flow and work our way up to multi-family units.

I have been doing it for 5 years now and my husband is jealous of the income I am able to produce w/o having a 9-5 job like he does.

For example, if you take out $100K and your monthly note is $1,000, then you want to be sure that the multi family property produces more than $1,000/month. 

That's almost $8,000 lost on a property that should produce an income of $12,000 annually.

I know it is possible to capitalize on my grandparents' lack of motivation to do anything with their property. ...I ... am a part of things ... but as far as handing over the torch I think he thinks I am too young.Hi Tyler,Don't disparage your Grandfather, he has been able to maintain this large cash producing holding since before you were born.

If you or your spouse may qualify in the future for RE professional IRS status it could make sense then, or if you have other rentals that are producing passive income great enough to utilize the offsets. 

If your real estate produces passive losses every year, why would you want it in a tax sheltered account?

If none of this produces anything deeper just reassure your wife you’ll have a safety system to catch your daughter if it ends up overwhelming her.

I’ve finally got the courage to take action and I’m currently trying to wholesale to build up capital so I can start to invest in properties that I can buy and hold to produce passive income.

The benefit of brrrr is the value add of the rehab produced more equity which would then be able to be pulled out with a refi.