Your cleaner's income has no bearing on yours.

Cash out refi only if the rental income significantly exceeds the monthly payment and you want liquidity to invest elsewhere.2.You can maybe do a HELOC if you want a smaller loan that doesn’t involve refinancing the entire house.3.

.: Quote from @Trevor Finn: Hey @Kevin M.It sounds like you’ve got a solid plan to build passive income with a focused snowball strategy!

I would also verify income with a current paystub. 

These properties appeal to students and low-income renters, especially if traditional housing is limited.

An experienced property manager should minimize vacancy, increase income, and have connections with contractors and other professionals to manage your property well to maximize your return on investment.To Your Success!

I do not have a traditional W2 job so I can't pursue the typical conventional loan or a FHA since I don't have income (hence the DSCR route).However, I've seen that most DSCR lenders do not lend if the loan amount is less than $100K.

Tax-wise, profits are taxed at your ordinary income rate, and frequent flips may subject you to self-employment tax if classified as a dealer by the IRS.

@Kevin Wood: For those temporary and permanent differences accounts, move them to Other Income and/or Other Expenses and see if you the reports works for you. 

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