I knew that generating positive cashflow each month by renting out my properties would be something I would like to do.

Don't get me wrong, I do all the managment and maintenance myself because it generates extra money each month.

He was in and out of the house. he had a detailed report generated from his truck. 100% on his A game.

If the property generates a negative cash flow you may need 12 months of reserves rather than 6 months.

Over time i have found that the whole virtual networking with the local people generates as many deals as my mailings do.

I am a full time outside sales rep for my fathers heavy equipment company and I still have major duties and loyalty to him.

But, I've not found much that will generate positive cash flow in Denver.

In my opinion and especially in my market a $250K property that generates $25K in rents or possibly $30K is not a good investment for my rental portfolio unless there is some very strong appreciation.On a side note, I might be willing to give you a straight 12% on your money.

The building can be further allocated into equipment, furnishings, etcexample:Using the example above you purchased the building and land for 1 million.

Normally, income generating properties are held in LLCs for the asset protection and a C-corp is used as a management company.