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.

Typically, your stabilized operating expense ratio (Total Operating Expenses / Effective Gross Income) should be between 35% and 50%.

You will run out of money for down payments quickly buying rent ready rentals & the STR income can fluctuate greatly depending on the season / state of the economy.

It's usually more tailored for rental properties, covering things like loss of rental income and liability.

PITI + PM Fee = $1,458.82 PER month You actually only cash flow $141.18 per month and that's IF your escrow is only 3k annually. 

All of which has helped me reduce my taxable income resulting in me getting $$$ tax returns (which i don't hate)Last week i received a text from MJRESOLVES (never heard of them).

Decide if you want to focus on short-term tactics like property flipping, long-term wealth creation, or passive income generation.

lol. asset cap rate should be higher than mortgage rate to begin with.this is the same as buy-hold , if i can invest to debt that generates 8% income why buying equity investment that appreciate less than 5%.

Peter,That does not sound accurate based on having a Schedule E and being able to take those deductions as well as other standards.As an investor it’s not a bad thing to show more gross income which usually allows you to buy more properties with more income and a lower DTI.

So, I know once I can focus on it full-time, I’ll be able to double my income from the business.