Income approach Also known as the rental income approach, this method estimates the market value by analyzing the property's anticipated future income and converting it to a present value estimate.

I was interested in something like owning a rental property as a way to generate some additional income. 

They don't mention anything about paying payroll taxes, workers comp, complying with laws, etcReal estate agents can have a team around them where they do have employees if they have admin/support or marketing team.Regardless, if you want to interchange small business for commissioned sales people in my post you can.My post was mentioning that service providers in the real estate space are incentivized by their advertisements as it will increase their annual income.

-22 years old-$50,000 pre tax income from business this year-80k in savings-30k in investments-pre approved for $350,000 (had to use parents as co-signers because I started business 2 years ago and didn’t make much first year)Looking to get into first house by house hacking a 4 bed 2 bath renting out 3 rooms.

Secondly, the homeowner would need to cooperate as she would need to submit a bunch of paperwork including income statements, tax returns, etc. for the Short Sale application to show that she is insolvent.  

Regardless, you might find the copy & paste info below helpful:)--------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

You know, it only takes a phone call to reserve a large meeting room, holds about 250, if you clean up after yourself, it's totally free in a new facility, it called the Library.So long as there are no sales, no charges, not some income producing ploy at your meeting, you can use it. 

You have come to the right place to explore different ways to generate passive income.

I used my tenant income and w2 income to put towards the next phase of rehab.

He calls and tells me "the income to mortgage isn't 1:1 and he is going to have to let the lender know."