- I found that plus or minus every deal type takes the same amount of time and energy.  

You'll have closing costs on the New Hampshire property and right now as long as it's generating decent income, that shows income on your taxes and the depreciation is a good benefit. 

That type of investment works for me, but it it doesn't work for everyone especially just starting out when you might want to generate cash flow to pick up more properties.  

We have learned to live off nothing being on one income and would like to generate some wealth for our future.Best,Rhiannon

@Joey DeClercq If you want to build a business I would suggest going with a 100% broker. learn how to generate your own leads without paying.

An LLC might be a good option for buy and holds and other passive activities where you are not generating short term capital gains or short term income.I would recommend you consult a tax preparer and your insurance pro.  

Again, in your example, you are selling 400K in real estate and generating 200K in proceeds.  

And this is the plan I've generated so far:I would like to focus on finding a duplex/ triplex/ 4-plex in Norfolk, preferably in close proximity to ODU (North or East of) or NSU.

(I Have Not Focused on Generating a lot of Capital through this Company in 2016.)I am Doing my Taxes Myself (for first time) & Want to know if through H & R Blocks Do It Yourself Tax Program(or any program) ..#1)  I Can take Alllll These Receipts and Investments and Input And Receive a Nice Tax Break Even though the Co. ( on Record did not make much money).

.$50k spread over three 401k accounts.Excellent credit.FHA loan on your primary (and only) house in Washington DC, with $200k in equity.The goal is to generate an additional $1,500 post-tax income by the end of 6 months.Thanks so much for playing!