That leaves $400 to cover taxes, maintenance, vacancies, etc.Now, let's pretend ALL your expenses come to $2,600 and you have $400 left over.

The operating LLC doesn't own any asset, just liquid cash that is rental income from tenant and expenses against rental properties.

Real wealth is built over time with consistent effort, even when things are difficult.Increase earnings, reduce expenses, save, invest.

Your estimate seems low, but even at that cost, it will not add that value.  

- Unemployment remains near record lows.- GDP growth trending at approximately 3%.- National home prices have surpassed the 2006 peak.- Major stock market indices at or near all-time highs.- Housing construction, supply and existing home sales are all at recessionary levels.In other words, things are good.

Looking for something with low acquisition cost, and meets or exceeds the 1% rule.  

Since part of your home is a rental, you can deduct a portion of expenses like mortgage interest, property taxes, and utilities.

I'd chalk this up as expensive tuition on your RE journey. 

You’ll pick up so much just by listening to people who’ve been through the highs and lows of the market.

Faith in Whirlpool appliances at a new low.