Income is calculated on a year to date basis usually rather than a 2 year average unless your earning commission, bonuses, overtime, etc. 

Last year I adopted the Profit First System (Mike Michalowicz) and use the following accounts to manage my business: Operating Expense, Bonus money, Owners Compensation, Tax, and Vacancy/CAPX/Repairs.

Husband worked at Blizzard Entertainment for 15 years and I used his bonuses to build our investments.

Pretty unbelievable to see Philly mentioned amongst those cities but seeing the transformation of 19123 & 19125 over the past decade, it makes sense. 

Or, does it make more sense as you hit that size to hire someone that answers only to you to manage it and provide bonus incentives for them to keep everything occupied with good tenants?

reviews and will not ping you in general if we have that or similar).SUPER EXTRA BONUS HINT: You already moved those down payment funds from your "business" checking account into your "personal" checking account 3+ months ago, so I'm not going to have to ask your CPA to write a letter "promising" that the use of "business" funds for your down payment will not impact your business operations (mini hint: no reputable CPA is going to write that letter FYI, see above about insurance...).Your self-prepared ("stated income") 2019 YTD P&L shows that you're doing even better than you were in 2018 or 2017.If you did ALL of the above including the super extra bonus hint: Then I'm over 60% sure that your 2018 taxes will be the ONLY basis of your income calculation, assuming of course an above-average competence lender local to the state where you are buying real estate.

This deferred balance wasn't counted on the tape from the seller but it was in the servicer's records so we got a nice little bonus!

Many of us have watched home and investment property values sharply increase over the last decade (double bonus if you acquired one 5+ years ago) but, the current CO State Senate and House aim to close the gap between what many tenants view as an imbalance of power.

I’ve been listening and reading about Tom Wheelwright’s suggestion on cashing out on 401k/IRA and taking the penalties and investing it in real estate since new tax laws would be in favor of investors.With new tax laws (2017) and the many deductions (bonus depreciation and doing a Cost Segregation), would passive investors benefit by cashing out their previous employer's 401k or traditional IRA to invest in real estate?

If you have been at your current job for 2+ years then normally you can count anything you get including bonuses (if recieved for 2+ years, overtime, and or commissions)I am looking at the debts you listed and I am led to believe that there are many things missing such as an auto payment, credit card debt, student loans, etc.