Collyn,Easy fix you have few options first there is DSCR which requires No employment and does not look at or use any personal or business income.

Even if a neighborhood is cheaper/higher crime/lower income tenants, there tends to be at least one pocket that is nicer in that neighborhood where you can find something that checks both boxes.

It has something to do with reducing self-employment taxes of 15.3%.LLCs are generally used for passive income like buy-and-hold investments. ...

I'm just worried we are showing too much income and not confident the expenses are allocating properly for taxes.Love to hear your setups - we have 2 Dupexes and One comercial unit - 2 STR's, 1 LTR, and The commercial rental.

Again, the owner is older, and owns these properties outright, so I believe keeping the consistent income might be enticing to him.Any other considerations I should be thinking of? 

It could supplement retirement, although we are forecasting to be well off without the condo income.

Then a cost seg / bonus depreciation of 60% (2024 limit now) would allow me to write off significant losses on my other active income without having the income restrictions that we have on passive losses. 

. $2,100 Fair Market Rents in Tampa, the Tampa Housing Authority covers $1,800 and the tenant pays $300 per month, you screen off the $300 per month for your rent to income ratio.Also, you can definitely go off the Fair Market Rents that the 2nd poster mentioned above me, those are accurate but assume that number INCLUDES all utilities, so if you take out Electric/Gas or other utilities, they Housing Authority will reduce it down, so instead of paying $2,100 total, they will reduce it down to $1,950 if you want the tenant to pay electric/gas as an example.

This was done to protect senior citizens on fixed incomes from being forced to sell their homes due to unaffordable property tax increases.Since the passing of this amendment, all properties in Michigan have two property tax values associated with them:State Equalized Value (SEV): supposedly equal to 50% of the market value of a property, not based on recent sales price.Taxable Value: the SEV annually capped as long as there is not a transfer of ownership.City Assessors are charged with determining how much property values have changed each year.

Prior to Pacaso, my friends and I had an idea to purchase a vacation home as a passive income generator.Curious to hear everyone’s thoughts on group/co-ownership for real estate.