Or, can you generate such a loss by making another purchase in the year that you sell?

The second strategy is to keep most of the units untouched and operate them as is, to generate some cash flows.

Are you tired of struggling to keep your rental properties occupied and generating income?

AKA the theory of generating passive income is easy to visualize but once you start putting the pieces into action it becomes difficult/frustrating.

This strategy works well to own a home for those who can't afford one alone, potentially generate great cash flow, or worse case scenario; subsidize a portion of your mortgage payments.

Properly set up, you can easily generate a variety of financial reports, rent rolls, etc. and process all payables and receivables in an efficient an orderly manner.Usually you should be able to "lock" your transactions at the end of each month, permanently preventing any changes to prior periods once you close them.

I truly believe real estate is the avenue to generational wealth and financial freedom, and I have a burning passion to purchase and house hack my first property by the end of 2020.Real Estate Investing Approach:As all of you know, Los Angeles is among the most expensive cities in the US, which means significantly higher down payments and closing costs.

Or that establishing a consistent generation of leads is worth it?

Most recently, I've been cold calling self-storage owners to generate leads. 

And now outside the exchange they have a note that will continue to generate payments.