With the partial garage conversion I'll have more living space than the house listed at 380k which is a bit outdated itself.As far as projected STR income airdna says this would produce 60k/yr.

- and the entrepreneurial mindset:"How much income will it produce?""

You can use up to $25k a year of those passive activity losses if you are actively participating in your real estate ventures ("small landlord" exception) and income stays under $100k a year.So yes it can be useful if someone happens to fall under these circumstances, but for anyone who is going to have over $100k a year of retirement / other sourced income, they may be out of luck.It's all timing - you are just using up those PAL earlier than if you waited for the rentals to start producing taxable income (they normally do if it is a good investment), or a property is sold and PAL are released to offset that income. 

or just an individual with self produced contract?

Yes, it provides an IDX feed - shut that down, now every web site out there is worthless, including Zillow. 

Network and try to find a mentor in these groups or wherever you can to help guide you through this industry.But if your market doesn't provide the cash flow you're lookng for I would check out single family and duplexes in Cleveland, OH that can produce strong cash flow such as 44102, 44109, 44111, and 44135.Go into Zillow under rents and look at days listed and contacts.

I'm almost at the point I cannot pay retail any longer as it's always cheaper to develop our own new buildings or systems. https://www.alibaba.com/produc...

You can still find cashflowing properties in the STR areas people have been investing in, butit is just hard to find "great cashflowing" properties producing +25% cash on cash returns when planning accordingly for capex.

Don't ever sell unless you have a rock-solid plan to invest in something that produces a better return or moves you closer to your goals.

We then refinanced the property and it has given us $140k in cash back and continually produces $1,800/month in cash flow.