I'm a 30 year old husband and soon-to-be dad in a dead end sales job in Alabama.

I can't post a link, but check out Wink News or NBC2 website.The interesting thing is early in the day I was talking to a CCPD officer about a thief from a soon-to-be ex-Blacktip Construction Group job site, and she was asking me for information on R2R, Beattie and BTC.  

There are several different types of income in the US tax code.Two main types are “active income” and “passive income".Active income is money you earn from working, such as wages from a W-2 job or income from running a business.Passive income is money you earn from investments like real estate, stocks, or rental income from your RE portfolio where you earn $ without actively working.Normally, you can't use passive losses (like losses from real estate investments) to offset active income like your salary from a W-2 job.That is unless you are an RE Pro.The reality is, that Real Estate Pro status is just a filing status similar to filing married or jointly.And if you are a real estate professional you CAN use passive real estate losses to offset active income from other sources.To qualify as an RE Pro you must:1.

I have a job with steady income but I want to stop working by the age of 27.

@Chris Kay beleive you can do DSR loans without a job as they qualify the property, not the borrower.You'd still need 20-25% down though.That's where you have a decision:- Pay down the mortgage, setting yourself up for a future refinance to free up your VA Entitlement.OR- Save up for your next acquisition.Only YOU can make that decision as you have to be comfortable with the increasing debt-load risk and the additional time to manage everything.

They usually do not have these figured out, I mean sure, everyone wants to 'make money', or ' own 10 properties in 3 years', or (my favorite) 'replace their W2 job in 5 years'.....but they have not thought any further than those basic (and misguided) goals.

If they were an employee of yours or a member of your team in a different business, would you dock their payroll if they made any mistake for you in their day-to-day job?  

@Damon AlbersSounds like these properties are in a class c area and your manager is not doing a good job vetting themBut this is not out of ordinary for c class rentals which is why people look at cash flow and be like wow but one $5000 bill can wipe out 4-6 months of rental income and properties never make money and rarely appreciateThis is why we do not do lower class rentals as stated cash flow vs reality are typically not close

Job, family, retirement, location, world, moving,  etc3.  

In our 'day job' business of remodeling we have stayed just a partnership with an LLC.