We don't have the Midwest weather, high property tax, old homes, high insurance, high maintenance, or state income tax.

I’ve bought my primary with various Schedule C income and refinanced a primary with lots of schedule c and a number of properties (mostly owned in LLCs but reported on my personal return).

Most here say Section 8 or low income is impossible, but you are talking to someone who has ran it for years.

Some lenders do have minimum credit scores to access these loan types, but it is the exact same qualifications for income and assets as non renovation loans. 

I do all of my income properties in Chemung County.

I love your goal to build up enough cash flow to replace your income!

Although we’re not a local bank or credit union, we are independent mortgage brokers with experience in financing options that consider rental income rather than personal income. 

Hi Tyler, The value and the rental income does come into play with a DSCR loan.

You can use Airdna & other STR estimator tools to get data on potential income/vacancy based on your location and property size. 

Ex: If you want passive income you shouldn't be doing flipping.