A growing income stream is worth more--so I'd like to see growth so that there is a path to profit. 

I would underwrite buyers based on stability of income, financial payment history & ability to pay.

But I would remain open to long-term rental as an option as this seems like a more stable option in terms of income, again this may be my inexperience talking.However, I have always  been somewhat risk averse and investing in real estate is always a big venture, in my opinion/experience, in terms of capital.

Here’s a quick breakdown of our financials:Operational expenses (excluding mortgage): $33k (Jan-Dec 2024)Annual mortgage payments: $58kTotal needed to break even: $91k+Income earned this year: $80kClearly, we need to bridge a gap of about $11k just to cover our expenses, and I’m exploring options to increase profitability.

What kind of savings do you guys have in addition to the income savings each month? 

Different lenders can view income in various ways depending on who you speak with.

I currently don't show income and just left my other place of employment.

If this were a Real Estate secured note,  a note broker or flipper might offer you up to about 65% of the remaining balance whereas an investor who is building passive income streams week offer up to about 90%. 

I love talking with investors, sharing values, discussing their wants and needs, helping them fully understand what they’re investing in and helping them achieve their passive income goals is very rewarding.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!