I feel like I’m very blessed and lucky to be in my current situation and that I could be better utilizing my financial situation to build real wealth instead of clawing away at it annually via W2 wage income only (and saving only ~$70k/year).Unfortunately when I model out deals, with today’s cap rate environment, I can’t find anything that generates meaningful levered free cash flow.

Account Closed depends, if your trying to finance the purchase then yes its probably too small for a MHP lender to want to get involved even if it cash flows and the seller actually has real and factual financials about the asset. 

Your multifamily model might have a low to stagnant growth rate with much greater replacement reserves to account for roof and HVAC replacement.One of the great parts about commercial investing is the predictability of income.

For example, repeals of the current annual property tax increase limits, or even limits on rental income or its income tax treatment in the state. 

Maybe a builder for their own account could do ok but here it didn’t work.  

Or will I miss the opportunity to claim the missed depreciation because of rules around "changing accounting procedure" etc.

Originally posted by Account Closed:You dont want to share? 

Or will I miss the opportunity to claim the missed depreciation because of rules around "changing accounting procedure" etc.

With zero rental vacancies and living frugally, I will have a 1 million net worth at the end of 2026 (this takes in account that my real estate appreciate 3% each year and I have my cash reserves in a high interest savings of 1.9%).   

Is there an app out there that I can quickly scan a receipt into an accounting system and have the ability to toggle between different properties?