Readers should seek professional advice. 

There are options like:Private Real Estate Funds: These allow you to remain in real estate but delegate all the management responsibilities to professionals.

This included all the data from the first 6 months of the year as I did not hire her until July.

I am a professional cabinet maker and my father is a master plumber.Estimated sale price once complete $500k+Home 2: 210k mortgage. 5 bed, 3 bath redesigned to 5 bed, 4 bath, 3,000 sq ft.

This is why i love BP where else can you go and find so much wisdom and insight among professionals in our industry that are willing to share their experiences.

@Andrew Self there are attornies you can hire to resolve your credit issues.

@Ricky Smith if you continue to expand, how will you hire help w/o a PMC set up?

In order to get there it would be good if you could keep feeding cashflow proceeds back into acquisitions, on top of your continued W2.Speaking from experience, you can manage probably 30-50 units yourself nights and weekends before you really need to hire someone.

Then a hiring increase for local regulation officials or private sector to assess housing quality & approve it.

Focus on tax-saving strategies such as cost segregation studies and bonus depreciation to accelerate deductions.By qualifying as a Real Estate Professional (spending 750+ hours annually and materially participating), you can offset your wife’s S-Corp income with real estate losses, reducing your tax liability.