The same applies to buying businesses whether it’s online businesses, plumbing companies, or professional services like a CPA rollup.

Contact me if you’d like to earn passive income or are in the business and are looking to collaborate on any projects.

I recently learned that income earned through Airbnb often doesn’t qualify as eligible income when applying for a second mortgage.For those of you who’ve used Airbnb as part of your house hacking approach, how did you navigate this issue?

Keep your properties and reduce expenses/increase earnings.

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.

Traditional lenders don't care about your savings or net worth; they care about your employment and earnings.3.

Due to the income earned in the landlord account that goes to the benefit of the client, you should cut the check directly from the account through the bank and do as the law says, hand-deliver or certified mail.

My team of three young kids that like to earn money for simple yardwork and my supportive wife are just the start of my team. :)  I am hoping to network with all relevant professionals in the field...especially like minded investors in my local area.

I think these bigger cabins are getting sucked up by the normal demand and with the lack of new builds coming online. 

We are hoping to avoid doing any sort of partnership and maintain a single member LLC, but searching online hasn't been fruitful.