So, if you have 10 units and you are going to pay $1,500 a month and you are working on an active income job, too, this is an easy switch due to the labor mentally and physically (even if it is just phone calls) to get these rentals running as a well-oiled machine.  

If I commit to this path, my goal is to generate a net income of $300,000 per year by December 2030.

Tons of returns set this system off: errors, no income lots of expenses, disproportionate expenses, etc.When all that is done, IRS has a budget for how many returns they will put in the audit queue.

More on DSCR loans: DSCR loans won't use your income to underwrite the loan. 

They will issue an IRS Form 1099 in January, reporting your total taxable income to you and the IRS.

There are plenty of banks across the US that also have a stated income heloc (in the Carolinas, First Citizens will do up to $100k with no income verification). 

Question that the “believers” don’t ask is “how much could I earn on the extra money I’m spending to pay down the loan faster?  

My idea is to put 20% down on a $1 million property, with the remaining $800,000 paid off over 8–10 years, depending on how much yearly income the seller would want.I’ve seen a lot of discussions about using seller financing for investment properties, but not much when it comes to primary residences.

In fact I got 15 year loans to pay a lot interest rate and just sent all their income in to paying them off. 

Last year I started my education on rental income and came across Rent to Retirement.