Distance is a personal choice

The property now cashflows $15,000 per year after all reserves, and I created $100,000 of equity in less than a year on this deal.I share this because six years ago, I didn't have a clue about real estate or how to invest.

so, what I want to do is to create passive income with cash flowing properties.

Good choice :)Being able to start a journey of deferring that tax will compound for you as long as you keep the new properties or do a 1031 whenever you sell one. 

Legal Assistance: - [ ] Seek legal advice to ensure compliance with laws and regulations.8.

Normally you will want to also add in your site development costs to this loan So you can create your parcels and then sell them off.So you want to make sure you have Lot releases in your ( this is GA ) your deed to secure debt .

Single might not have as much cash flow, but multi family properties create more potential for issues since there are likely multiples of everything (furnaces, hot water heaters etc)-what property class are you looking for.

It's not the best but it is a lot better than most of the Free Real Estate softwares I have seen, but this is because I make sure the software allows me to create Journal Entries, in case adjustments need to be made.

If you buy the wrong thing or move the money the wrong way, it creates a taxable situation and in the worse case, it "breaks" your account. 

Preferably, not already operating as an STR so that you can gain the value you add by creating it.