Tax and Legal ConsiderationsUnderstand the tax implications and legal responsibilities associated with rental income.

Gross income right now is 2700.

As the cleaning company continues to grow, I am looking to invest in real estate to create more passive income. 

Find out through asking the right questions what will help solve any existing problems, that will give the seller a nice monthly Passive Income Stream, etc. 4.

A lot of our housing stock here has finished basements or in-law suites, so with something like that you can generate significant rental income for an inexpensive conversion. 

A small multifamily property is a smart choice for a first investment—it offers a great balance of income potential and manageable scale for someone new to the space.Don’t worry about being ambitious; it’s clear you’ve done your homework, and you’re already ahead of the game by setting a clear goal.

The northwest suburbs of Akron are the higher  income areas.  

Yes, you may lose out on income in the beginning when first trying STR out, but you'll never know until you try. 

(Especially a 2-4 unit.)Do they have friends/relatives/co-workers that would rent rooms from them if they bought a property to show more income?

Take the proceeds and invest in a highly trusted Syndication or fund and enjoy the passive income.