I’m constantly analyzing properties.

That way I avoid a risky refinance situation, and avoid the seller's high interest terms which aren't great.The fact that the property is next door makes it super easy to manage, and it'll add another positive income stream that also helps build up my equity.

I love this type of question, I would use my free time to volunteer, work on new hobbies, and truly, find more ways to grow my passive income and build different streams of income. 

They use a low pressure water stream and special cleaning solution.

@Stacey NelsonFor most of MD we are at the top of the market again and my clients are getting into constant bidding wars.

As Lance mentioned, it might be hard to justify paying a 4 year old anything material.And, if you're not going to pay him something material, it probably doesn't make sense to run payroll (which you should be doing) and go through the trouble of opening an IRA.Those individuals that pay their 4 year old $5k, $10k, etc a year are just playing the audit lottery.Where this strategy really shines is when you have a child old enough to do the work without needing constant supervision (or else they start playing with bugs). 

Regarding the waiting game: there's a big difference between sitting on the sidelines (i.e. using fear of a recession to sit out) and constantly evaluating deals, making offers, but not finding any that suit your criteria.

You aren’t willing to pay the “price” for the asset protection of the LLC (the necessity of a LLC is constantly discussed on Bp...)

I am an Elite Yelp reviewer and I am constantly reviewing restaurants, businesses, etc.

I would love it if I could build these properties into an income stream that could help finance this dream life.Two of the properties are vacant lots that need improvements (namely clearing and driveways) to be usable for a rental situation.