Hi Kyle, I really like rentprep w/ income verification.

If you plan on moving do something else in the meantime and build up income/savings

Remember, if you decide to sell in a few years, any bonus depreciation comes back as ordinary income. 

I evaluate the performance of every income generating property that I own. 

@Jeremy H.there is no need to self manage for the passive investor looking for a fixed NNN return in the 15%+ range.Smart business owners and retirees looking to diversify their investment portfolio are not looking to run a hospitality business. 

Nonetheless, I am not out to impugn anyone's intentions and I do understand (as Jay rightfully points out) that the self-employed (my situation for the past 20 years) especially run into times in their lives when conventional lending sources are of no use due to limited reportable income and other factors (such as when, for example, you retire in your 50's and begin to live off of your lines of credit, etc.). 

@Ezra Avery you might want to read below to understand Classes of Property/Tenants.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?

I would define a wealthy person in America as $300,000+ annual income and at least $3 million net worth.

There are a few programs that can do second position financing but typically underwritten based on your personal income.

Section 8 is best used as a risk mitigation tool for properties in super low income, high crime areas.