The net rental income should be about 65% more than the mortgage. 

This could help decide if the income is enough.  

Insurance-  we had 18 months of full lost income coverage.  

You still claim the income as miscellaneous income and deduct property taxes and mortgage interest (subject to SALT and other high mortgage limitations) on your Schedule A, but that's it.2. 

Both generate passive income streams without you having to clock in at a 9-to-5.🏗️ Building Equity While Others PayWhen your tenant pays rent, they're helping you pay down your mortgage - building your equity.

I was looking at DSCR loans because they don't require extensive checks like the bank loans and they "only" look at the income generated from the property to qualify for the loan.

If you don't have the relationships, hire someone who does.This is why Brian Burke can go “large corporate” while I have to stay “small private”; he has the ability to MANAGE PEOPLE that I do not.  

I own a small portfolio that brings enough income for me not to have a w-2 income.

It would be a great place to put the proceeds of a business and may eventually be enough to replace the income.  

K1s show your share of income or losses from the partnership, and you include it on your respective personal tax returns.Now, to your partners.