Ray Goto only other thought is to borrow against your commercial property to put into your other income properties and then sell your commercial with less equity when you're ready

There must be five or six now.Part of the strategy on claiming CCA will depend on how you hold the property (i.e. directly in your name or via a corporation) and your planned length of hold.When you hold property in your own name, the CCA recapture upon disposition can hurdle you into another, sometimes substantially, higher tax bracket {BTW:  The recapture has an inclusion rate, in your income, of 100%; it is not taxed at 100% ;-) }.  

My 5 year goal is to become a professional real estate fund manager.I happen to live in NYC where there is a large concentration of people with 7 figure incomes who often have a difficult time obtaining a more than nominal return on their at-risk/disposable capital.

I'm really just focusing on educating myself right now with the goal of purchasing rental income property within 2 years.

Or maybe you're looking for the tax benefits to offset other income. 

My return on cost is good, but my return on FMV is low due to underlying appreciation outrunning the rental income.

The problem is i need a steady income while flipping houses.

Would love to find some that wants to seller finance (they keep income stream that way).

Like I said, i want to buy and hold for that passive income so hopefully, someday, I could quit my job but I can't even imaging how I can buy one property, let alone, a lot more to have enough to quit my job.  

The mortgage eats up nearly all the rental income leaving about $200.