We had a local guy in the news complaining about his newly assessed 'flood insurance' of $3800 a year even though the stream/creek is some distance from the home.

I did not mean that I hope to only spend a few hours a week to make this happen; I only meant that after this income stream/streams are in place I would like to only spend a few hours/week maintaining it (i.e., property management, paying bills, etc).

Too cold for my blood though :) See you around the site.

It may not be feasible to "cash flow" the property as that would mean all expenses and debt covered, plus additional revenue streams.

IRR is so useful in evaluating income property because it incorporates the entire income stream, including start up costs, annual projected cash flows, plus proceeds from final sale – including your equity.

Maybe a small SFR, in 10 years it would be nearly paid off or better yet it could be generating another cash stream.

That includes commissions coming in from purchasing, selling, and renting their properties, which could be a nice little income stream for a broker, without the headaches of training new inexperienced agents.

She pays no tax on income to her IRA.What everyone should remember is the "no self dealing clause" - you can't participate with your own IRA, nor can your spouse, nor can your parents or children (direct blood relitives + marriage) Therefore, you personally can't "own" a portion of the real estate along with your own IRA (or your parents ect) If you were to do that, perhaps that is where the UBIT comes into playAs far as Roth Vs.

Unless you're all-cash, you'll need some sort of income stream if you want to start a rental portfolio.As far as going full-time, I quickly realized how long of a term goal it is, so I'm trying to put it out of my mind for now.

Shawn - Go ahead and link directly to the presentation here so we can check it out.As for advertising, you're a PRO member, feel free to promote the events and live streams in the future in our Marketplace.Nice to see you, BTW!