But remember brokers will pretty much hire anyone because you might be a producer, they can't possibly know. 

Seeing people producing tidy cash flows in areas like Indianapolis, Kansas City, or even the Tri-Cities area of Washington has certainly piqued my interest in areas with good cash flow where my savings dollars could potentially go further.I've recently attended my first local real estate meetup and plan to make a habit of doing so in the hopes of meeting folks with whom I could potentially partner in the future.

Once you have that, if you are filing jointly, then you can use depreciation to offset yours and your husbands income, not just what is being produced from the properties.

We own the building in a LLC, lets call this "LLC A" and it produces passive, taxable income to us.

I just stumbled onto this site and want to start learning how to do the obvious, investment the money wisely in income producing rentals and avoid taxes.  

How I would go about pricing this property would be based on the income it can produce, I would use a direct capitalization and also a discounted cash flow analysis.

Using debt properly is a key aspect of growing a healthy real estate business.  

And even if the cap rate increases again, I am OK because the 42-unit building I am buying will produce a lot of cash every month (in fact just the cashflow increase alone is over $75K/yr).2.

You're paying $85/ month because you're  young and healthy.

Appreciated 3-5x and cashflow is very healthy but taxes and insurance is starting to become problematic but still cashflowing after refi cash-out to buy other properties.I believe those who bought with positive cashflow didn’t suffer the same faith as thought who bought for appreciation with negative cashflow.