If you're really wanting real estate as a "passive" income I would look more into syndication investing and hard money lending.

My two cents: get a job and HUSTLE right out of school and create some income and save up some capital.

Most (not all) HELOCs require that the property is titled to an individual (not LLC) and are full doc, meaning your employment history, income, DTI etc will be factors.

Median incomes are an insane gap from cost of household/properties.

Lastly, always keep your job and build your employment foundation because that keeps you income relevant and lendable.Hey thanks for your reply!

Focus on tax-saving strategies such as cost segregation studies and bonus depreciation to accelerate deductions.By qualifying as a Real Estate Professional (spending 750+ hours annually and materially participating), you can offset your wife’s S-Corp income with real estate losses, reducing your tax liability.

I believe there are a few unconventional approaches that work best for OOS investors looking to perform BRRRR in Mid- to lower income communities.  1.

I know of other softwares, like Baselane that handle income and expenses all in one place.

For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.

Now that I am in position, I would like to place a mobile home to generate some passive income, but I don't want to use my savings for the down payment.