You find a property, envision its potential, and get captivated by the prospects of rental income or capital gains.

For example, at a glance, the cost of $355k with a rent income of only $2,200/month is most likely going to cashflow negatively for you (assuming you are putting a downpayment of 20% or less).

Finally, if you work with a preferred contractor, that would be great.Regards,BrianMy specific criteria:SFR 3BR 1.5+ Bath - purchase price less than $150kB or B+ propertyCash-flow positive (minimum 10% net cap rates with at least 1% rental ratio)$5-10K budget to rehab propertyRent out to family for long-term leasestrong appreciationlow vacancies / supplylow property taxeslow price to income ratiospositive demographics - low unemployment, low crime, high % renters, population growth, etc.healthy local economy

I still make decent income off mine after covering added utility cost.

Here’s where it becomes a thing of beauty……it looks like I’ll be working with him on more deals just like that this year.How many deals do I need to make that a 6 figure income stream?

You cannot personally benefit from the IRA such as by receiving income personally, nor can you inject value to the IRA via the provision of goods or services. 

I have rental properties and the property management company direct deposit my rental into my bank account instead of naming the properties by address, she just put the property management company name in the additional income.

Here's the situation:Rental #1 value = ~$122k (according to zillow estimate)mortgage balance = $63kincome = $1050Roth IRA balance = $16kCurrent cash balance and debt to income ratio are likely a no-go to just get another mortgage.Our goal is to generate more passive income.  

But I don't believe those risk apply to me because I plan be an owner occupant, I have a pretty good credit score (720)  and a combine income with my spouse of 70K (no children yet). 

I'm looking to start investing in pueblo Multi family homes for buy and hold rental income.