Looks like you’re in Hong Kong based on your tag line.  

I do not do a lot of volume, so it would take me a long time to get a good data set just based on those numbers. 

Gita,At least the way I prefer to do things is to only run accrual based accounting activity on my day to day operations.

I have an STR in Niagara Falls and it does pretty well based on the purchase price. 

In addition due to prop 13, the tax base is a fraction of if it sold today.   

He felt so bad about the situation that he did the additional repairs at cost, which was a huge relief and saved me from further losses.My Agent: My real estate agent, who helped me purchase the property, was incredible.

Hi Ben, I'm also based in Snohomish county.

Here’s an example of what I've used if they don't qualify based on what's on application. 

Based on a quick answer from Perplexity it seems like there would be no issue with you buying the home and collecting passive income, but you may not be allowed to manage it yourself since that is considered active work.

@Gary Abrams A cloud based solution would work really well in your scenario of having other family logging in and helping with management.