Problem is only "RE pros" get to do it.There are 3 income classifications in the US - Active, Portfolio, and PassiveActive income is income derived from your job, or normal trade or business.Portfolio income is derived from bank instruments - stocks, bonds, etc.Passive income is income earned from investments.Active losses can wipe out both passive and portfolio income, but it doesn't work the other way around.Portfolio (capital) losses are limited to $3,000 annually.Passive losses can only be offset by passive gains.Real estate rental income by its nature is deemed passive per IRC Sec 469One way to get around it is to become a pro - spend more than 750 hours or 1/2 your time in real estate.But most folks aren't real estate pros.

I don’t have any debt besides my mortgage fortunately or unfortunately however you look at it, and I’m not opposed to using my extra funds to buy down my mortgage but I’m afraid it won’t lower my DTI quite enough.

However, they charge extra for things like the Statement of Information (SOI), which costs $75, and the BOI report, which costs $90.

Removing a wall could add value to the home in theory, but for some rental areas, having extra rooms helps.

Even if they can rent your place for $250/nt all-in, can they afford the extra $2 grand+ to get there and back?

It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

Don’t be afraid to reach out and offer value, even if it means going the extra mile in the beginning.

Some investors make it work by targeting less saturated areas nearby, but a lot of folks find more affordable markets out of state, which can make this strategy more feasible.Capital needs can vary quite a bit depending on factors like partnering, financing options, and property types.

.: You might be able to raise extra capital to support this project by listing the property for fractional ownership on lofty.ai.

If they take an extra four days to vacate, that's $800 in holdover charges.