Understanding how rental income is taxed and how short-term versus long-term rentals interact with your other income streams and fit into your overall financial picture will make it much easier to reach your goal over time.As you grow, good bookkeeping and recordkeeping (especially if you are planning to be REPs or materially participating) will go a long way.Good luck, and happy to connect.

----------China Trade Deal Could be ImminentInvestors are waking up to some big news from China: US and China have reached a consensus on key trade issues.We may have a trade deal! 

I want to start doing BRRRR and had an agent reach out to me and ask me how much I’d would like to leave on deals and suggested 10-20k was the norm.Hi Alvin, BRRRRs are definitely tougher now than a few years ago, but they’re still doable if you buy right and stay conservative with your numbers.

I would also reach out to lenders and agents through the platform here and start conversations to gain some clarity.

Super excited to be here and will definitely reach out with any finance questions or obstacles I run into.

If that is the case, you might reach out to someone like @Adrian Chu. 

Feel free to reach out I can offer some tips and loopholes.

Reach out anytime, I'd be happy to share with you a bit about myself, and how rentals ultimately got me to quit my full time job. 

Please feel free to reach out and say hi if you get a chance! 

You can also reach out to agents that are busy in that area.