@Tinia JamesIf you receive a 1099 showing income from one of your deals, you have to file a Schedule C to report that income.

So, you could potentially avoid paying income tax on all profits!

The chances of you taking $150,000 and turning it into enough passive income to be able to live are as likely as you taking $150,000 and putting it in the stock market and living off the principle. 

No need for tax returns, Verification of Employment, or income.

Long term financing ensures solid, residual net-profit income without being a landlord How did you find this deal and how did you negotiate it?

They are stuck in 2014 when notes were so cheap and easier to make money: now pricing is tight and even just buying to resell is challenging.Note investing can be more passive than other aspects of real estate but still takes a lot of work as well as a lot of experience and knowledge as there are many moving parts that can go wrong 

We have become good savers and save about 55% of our total income. 

The rental income at purchase was $8400/mo. 

‘I agree the vast majority are small investors, or new to passive investments.  

Minus re-zoning expenses- Any advise for this transition into low income/transitional housing?