Others just want to create stable monthly income or want to build a portfolio in a more accessible market than the one they live in, but aren't interested in getting their hands dirty in the day-to-day.

If you only have this problem with one tenant, easy enough to create a checking account with an associated savings account just for that security deposit.

@Joshua Dees No property location provided but around here a divorce would sever a H&W TbyE tenancy creating TIC interests.

My goal is to be up to 30 units by December of 2019.So what I did was created a list of properties that mirror these three in square footage, year built, appraised value and area.

I've made some audacious goals of reaching financial independence in 2-3 years, so let's start creating value!

Create a Venn diagram on a map and find your sweet spot.Spend some time checking your gut impression, then check with others.Trust your own instincts first.Best to you

I just paid off my first property this year and love how much extra cash flow that has created. 

Now we're talking about owning appreciating rental properties with cash flow and investing inside self-directed retirement accounts.But let's not confuse the two questions: you cannot offset taxes created by high W2 via running a real estate business.

Takes just a minute to set new codes and can easily create codes for maintenance/cleaning/delivery people and then see when they arrive.I also put lockboxes at each property for the rare case where batteries may die or power is out.You can get them on Amazon or on eBay and are often on sale.

This creates separation between your personal assets and your business.For example, let’s say something goes bad with your rental and you get sued and lose.