@Jason E.

I have as Kiyosaki would say been an E my whole life and my goal is to transition to an I.I currently am working two jobs.

So better than 1%Just bought some high end new construction montrose properties that I’ll likely get $3800 in rent and I paid about $400k (not quite 1% but a+++ area and brand new.

Your best bet, however, might be to expense the interest you pay on your Schedule E as an expense against your rental income.

The roof and furnace are both brand new and the listing price is $89,900.00. 

@David DavidWe have to make guesses because of the limited details you provided.If you have a Sch C business, say a general contractor business, and you use a space that you own as a warehouse for your business, then you deduct all expenses, such as local property taxes, utilities and depreciation of this property on the same Sch C.If you use half of it for your own GC business and rent the other half to someone else's business, then the rental income goes on Sch E.

If you have one where you are netting $100 a month but have to be in regular contact with the owner as well as mitigate the inevitable problems that arise when then interact with the tenant directly, the juice is just not worth the squeeze. 

It was always plugged in so the odor wasn't too bad but it had food, meat juice, and sticky substances in every crack and crevice. 

So it's not like the drop from 1.5 to 0.5 meant a 2/3 pay cut and then they went in and juiced it up to 0.95% to get paid more.

Of course, you have to invest in FF&E if you decide to go that route.