Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Have you looked into local credit unions or alternative financing programs?

With $1100 in cashflow, a skilled investor who understands the section 8 program can kill the game.

Most DSCR programs will want you to have owned the property for more than 6 months to allow you to use appraised value instead of cost.

@Victor Yang To use the rental losses to offset any active income (W2), you'd have meet Real Estate Professional status (which would be difficult to do with a W2 job because you'd have to work more on real estate than any other job to qualify) OR have an AGI of $150K or less.

Class A apartments have numerous amenities, professional management, and sit in desirable neighborhoods.

If you plan to expand your portfolio, forming an LLC can simplify liability protection and operations for multiple properties.Consult a CPA or legal professional to confirm your tax obligations and evaluate whether an LLC or umbrella insurance aligns best with your investment goals and risk tolerance.This post does not create a CPA-Client relationship.

After seeing the power of financing and understanding how loans can help make real estate deals like this happen, I knew I wanted to be a part of it professionally.

Readers should seek professional advice.

@John Zhang If your wife qualifies for Real Estate Professional Status (REPS) and materially participates in managing rental properties, there is no limit on the amount of rental losses, including depreciation, that can offset your W-2 income.