I do not believe in paying down the mortgages sooner, or buying with all cash, but I am a little more conservative.They Work Full-time Outside of Real EstateBeing a smaller investor and not necessarily having huge amounts of cash flow means that often mom and pop investors make the majority of their income through other means.

If the improvements are lots of smaller stuff, no major repairs, all under $2,500...you would get to take the $8,000 this year. 

I am still new to all of this, but I feel like that is a major draw back.

For me its wine tours apple picking and people wanting to leave a major metropolitan area for a weekend away.

I do this because an issue like a blown heating unit, major roof leak or broken pipe can easily run you a few thousand in some cases.

Even what type of rentals you might do when you depart can factor in.

Every major PM company in the twin cities has  noon the last day of the month for lease end and noon on the 1st day in their leases to allow for 24 hour turns.  

Unfortunately, the majority of competent financial professionals are experts in their area of focus and, at best, conversant in other financial disciplines.BTW, what is a wealth strategy consultant?

If possible, I would like to get some hands on experience in financial structuring and raising capital on the equity side as well.Within the next 5 years, my goal is to have a major hand in managing aqusitions for a primary or even subsidiary account of MF properties under the management of a RE fund.

But the vast majority of the sons of rich men are unable to resist the temptations to which wealth subjects them, and sink to unworthy lives.