I'm wondering if I should create an account with Chase or a local bank for my business.I don't know the benefits from one to the other...All I'm looking to do starting out is to hold the money I generate from REI to the account.I would however want the bank to auto-deduct rent from my future tenants accounts in the future without paying an arm and a leg.I'd love to hear how you feel about the two!?

You need something like $6000 a month in rent to generate a reasonable return.

Like most advice I got, if I can generate cash flow or income greater than my current job to help me sustain then I'd feel more comfortable.

This is a technique taught by one or more of the "gurus" to generate a bunch of bird dogs who will "work for you for FREE!".

@Will Barnard If I am understanding right, would linear markets be a better market for investors who are trying to generate high cash flow to grow their business?

I'm meeting with a fellow investor today to discuss establishing a call center for lead generation in Middle Tennessee.

However, if your goal is to generate enough PASSIVE income to be financially free, what is your definition of passive, and what do you want to be doing with your freedom?

Let's use $2K/month as an example.2,000/month x 12 payments/year = 24,000/yearBi-weekly at the same rate would need to be reduced to = 24,000/year.24,000/26 payments = $923 per payment$923 x 2 = $1846 which is going to be short $154 of what is due, not to mention the payment to the bank is due on the 1st, not randomly throughout the year.

Before exterior:After exterior:Before kitchen:After kitchen:Before dining/family room:After dining/family room:Back of the house before:Back of the house after:Here are a few more random after pics:

I think of the net proceeds that could be generated by the sale as my invested equity..