Income approach Also known as the rental income approach, this method estimates the market value by analyzing the property's anticipated future income and converting it to a present value estimate.

I was interested in something like owning a rental property as a way to generate some additional income. 

Additionally, Airbnb income during this period could generate steady cash flow, though market conditions and regulatory risks should be considered.

The owner should look at it more like a DSCR, and should be pricing the property and offering terms such that the income from the property is adequate to pay back the loan.

I know for our portal in Buildium owners can log in and run different reports like income statements, profit and loss, general ledger, etc.

I'm confused why would you say that rental income is taxed in an IRA?

One other thing that people in their 60s can consider is - if you are planning on taking Social Security and making passive income part of what you live on, rental income may not count as income against your Social Security benefits.

You have come to the right place to explore different ways to generate passive income.

Kudos to you for doing something to create a secondary income stream. there are 5 income streams in RE rentals, possibly six if you do things a certain way.The reality here is your model (buy box) is suffering from too high an entry and too high a cost of capital.

If investing in real estate was easy, everyone would have passive income.