You can chase a possible dead beat tenant or you can put your time,effort, and energy into fixing up the place and hopefully making a profit. 

Just make sure they are somewhat standard or a little lower than average and then focus your energy on finding someone that is high quality.

Has anyone used Investor Carrot - https://oncarrot.com/ - for lead generation sites?

Hey @Brie SchmidtPros:  great networking, good energy / motivational speeches, lots of nuggets sprinkled in if you can stomach the main con, Tony Robbins (he's a force of nature!)

Dear all,I would appreciate if you could share your experience on how to start, and if possible automate, lead generation for motivated sellers, as well as property buyers.Thank you.

You may wish to consider an S-corp for a business that generates short term gains/ordinary income.  

Ultimately, my goal is to build up a portfolio of buy and holds to generate enough cash flow to live on but as long as I’m working, I don’t need any cash flow right now.

Oh and I have a very demanding full time job as an energy trader at an investment bank.  

The reason you have such crazy tenant laws is because the high demand...I'd much rather be dealing w this crazy government interference that generates WAY more media coverage than real impact to either side of tenant or landlord.....Than C class tenant...Trust me when I say I have got the best tenant experience in San Francisco, for 10 years....

What is the cheapest way to complete a 1065 and generate K1s and Schedule  Es?