@Tinia JamesIf you receive a 1099 showing income from one of your deals, you have to file a Schedule C to report that income.

You need sufficient rental income to cover your expenses, or you bleed money. 

People carry too much debt and even if the debt was forgiven or paid off, incomes don't match affordability. 

Who are we to say how many places they can rent at once as long as their income meets your requirements?

@Brett Jurgens To leverage your Denver rental's equity, consider a HELOC or cash-out refinance to access funds while keeping the property and rental income.

Every dollar I put into equity is less 'income'.

I have equity on it and yearly i get around $10000 as rental income but the property is 1989 build and i am assuming that since its very old property the equity gain would be limited.

I think if you have a little extra time, operating a smaller STR business can pick up some good income.

It's good practice in making the calculations needed to decide whether or not to pull the trigger on a potential deal.You soon learn that starting off as a Doctor is less advantageous than starting off as a Janitor, because the game presets your income and expenses based on the job title.

No need for tax returns, Verification of Employment, or income.