@Scott Wolf thanks for your input Mr.

Dad builds a 1800 sf SFR for $50k in materials annually.  

If so, they will be filing their own tax returns and sending you annual forms K-1.

@Derek Persuit. keep the $500 bucks in your pocket as part of your annual maintenance expenses. 

Try to avoid double data entry and pull reports by month, quarter and annually.

Unfortunately, it appears that Fannie Mae has taken notice. 6/5/19 - Upcoming HomeReady Updates.Currently, to be eligible for a HomeReady loan, the borrowers' total annual qualifying income may not exceed 100% of the area median income (AMI) for the property's location.

How ACTIVE do you want to be in your investments and how much CASH FLOW annually are you seeking?

Searches consist of TAM counts, Year Built field annualized, Owner address (which state) in public record, location based on Physical City field.

GO LOOK at HOUSEs, Analyze deals and somewhere along the line, you will find one.My group - Mid-America Association of Real Estate Investors is a great place to start - next meeting is the annual vendor trade show on July 9th, but there are several other learning events before that. 

The apartment industry typically pays an 8% annual distribution compared to the stock market with a 3% or 4% annual dividend and that's only if you buy a stock that pays a dividend.