The number of properties needed to generate $15k in net profit each month can vary greatly depending on several factors:Purchase price and down payment: More expensive homes require higher initial investment, but may also generate higher rental income.

You will run out of money for down payments quickly buying rent ready rentals & the STR income can fluctuate greatly depending on the season / state of the economy.

No, they dont add value, yes, they are a huge liability, and yes they require constant maintenance.

My goal for this year is to get as much "priceless" information from this platform, concerning all things investing, and later use it and PRO to start and maintain passive income from real estate investing. 

Much more cost effective, more units, less maintenance, no toilets or showers to deal with.  

Development: Fayetteville Officials are seeking nearly $30 million dollars from HUD to reconstruct low-income housing on Murchison Road and Elliott Circle.

@Trisha KirbyYou will go from 1 property to essentially 3 so your cost of maintenance, capital expenditures etc is not includedAlso you will never have 100% occupancy at all times so that needs to be taken into considerationI would also have a property managerLast but not least you did not include your closing costs etc.

It's usually more tailored for rental properties, covering things like loss of rental income and liability.

So YOUR investment of $200,000 is now worth $1 million after 15 years, AND you own an income producing property that is completely paid for!  

If your licensed as a realor doesn't all the income you make have to be reported as earned income rather than passive?