The appeal of having a second source of income is very appealing and I would like to be able to build wealth outside of my W2 job. 

It doesn't matter what your rental income is.Anyone could buy in your neighborhood and make a STR.

I've found this to be super helpful: When someone inquires about the property Thank them and Send them the pre-requirements (Income, credit, no evictions) and ask if they meet them.

I'm working with a company who owns a small, 19 unit, senior and low income apartment building.

I bring sales experience from selling RVs and have always been interested in real estate investing as a way to generate income and eventually achieve time and financial freedom. 

Could someone explain that to me or if there’s anyway to deduct those expenses.Hey Troy,  When a property is not “in service,” it means it is not yet available for rent or generating income.

This is my pre-retirement preparation.

This allows you to access funds while keeping your existing mortgages intact.Second Mortgage: Explore lenders who offer second-position loans on investment properties, though rates will be higher.Cash-Out HELOC : While traditional banks often restrict HELOCs on non-owner-occupied properties, some portfolio or private lenders may offer HELOCs for investors.With $15-20K in liquid funds, look for deals where you can negotiate terms:Seller Financing: Negotiate lower down payments or interest-only periods.Subject-To Financing: Assume the seller’s existing mortgage while covering the down payment.Lease-to-Own: Lock in the purchase price while using rental income to build equity.

I don't know what they tell you in CA but here in NY we are suppose to reject any sort of income during the time of the eviction.

If you lose your source of primary income, do you have enough cash to make it through the crisis?