Maybe you make it sooner, but your post makes me feel uneasy because I think your why is corrupted by speed to some potential fortune, as evidenced by your 7k/month in 10 years.

They continue to roll over until they can be fully utilized, either by offsetting future rental income or when certain events occur (e.g., your income drops below the threshold or you sell the property).If you sell the property, the accumulated passive losses are released.

It's all about taxes now.

I'm currently paying $4100/year for insurance, and when it renews in October it will go up to $5500/year.

One thing I have noticed is the asking price with it's cap rate, is almost always priced out by the properties POTENTIAL income! 

I started doing research on different zip codes in which to use the BRRRR strategy.

Anthony here, my wife Chynna, and I are relatively new to real estate investing, but we’ve already taken our first steps by acquiring two multifamily properties—a triplex (where we currently live) and a duplex.

Do I have the right to see receipts?

@Daniel Stevens Flint really has nothing positive going for it these days and Burton is rural - hence the cheap prices!

You can also do what I do and lease the home TO an operator.