There is no way you are going to make a 6 figure income (let alone a 7 figure income) working only 10 hours a week from anywhere in the world.4.

If the tenants are ultimately paying the late fees are just bonus income for you.

If you have incoming leads or a database of expired listings, preforclosure, etc. you register a new phone number with your EIN (we help with this) and then plug your social media, email, into the AI.

Passive income was one of the biggest reasons for my second acquisition, I am trying to build a nest egg for my future self.

@Erika Caba I think if at the end of the year when you can evaluate the situation as a whole with everything taken into consideration and are looking at your tax returns if your goals have been accomplished with this building, whether it’s positive cash flow, off setting W-2 income, whatever, then I’d say it’s too early to throw in the towel.

The number of properties needed to generate $15k in net profit each month can vary greatly depending on several factors:Purchase price and down payment: More expensive homes require higher initial investment, but may also generate higher rental income.

Could be a nice AirBNB studio with income potential up to $1500/mo by itself.

As far as financing goes - make sure you use a loan officer and loan type that supports your type of future rental income.

Passive income was one of the biggest reasons for my second acquisition, I am trying to build a nest egg for my future self.

For example, if your goal is to have steady income coming in, you could also explore the idea of simply renting out the single family home while you move into one of the units in your 2-family property (if you can).