These factors may include:Rental incomeBusiness incomeWork bonusesPensionsInvestmentsOne thing to note is that many states allow for deductions from gross income for things like:Property taxesUnion duesAside from monetary obligations, some states also factor in the following:How much time the child spends with each parentCosts associated with health insuranceThe age of the childChildcare costsHow To Calculate Rental Income For Child SupportIf you’re wondering how to calculate total rental income for child support purposes, the payments are based on several factors, but in a nutshell, here are the top three steps that should take place.Determine gross incomeFirst, how much cash is the rental property bringing in?

Option 1a COULD be ok, but only if you can spend that $20k and add more than $20k in equity prior to sale which is no certainty when you're starting with a rent ready property.

You could only buy one house for $400,000 in Cody, Wyoming.NOTE: please do not spend every dime you have to purchase property!

Hello BiggerPockets,After reading numerous books from the BiggerPockets library and spending more time on Loopnet than I would like to admit, it is time for me to put some of this knowledge into action. 

I wouldn’t spend a lot on courses or mentors starting out.

This all depends on your income, your spending, and your dependents.

If more investors spend a fraction of the time and energy spent worrying about asset protection and do the things on a daily basis that prevents liability exposure, plaintiffs attorneys won’t eat as well. 

If you bought a house for $100k and replaced a 20 year old heating boiler spending $10k, how much would that increase the properties value if you immediately tried to resell it?

I spend about 20-30 min a week for each home, the rest is completely automated to give you a bench mark. 

Assuming you spend more than 750 hours managing your properties, you would have Real estate prof. status.