Short term rental income can be considered with PROOF, ie airbnb's yearly income statement etc.

You will require many properties to completely replace your income, which could become a new full-time job to manage.

@Andrew Garcia, I would take a look at rents for a similar size (square feet and bedrooms) property so I’d have an idea of what the income might be.  

The long-term strategy involves building equity, saving, considering taxes, and leveraging rental income for investments.

Fixed income, like lending, is not purely about yield from interest charged.

For low income (especially multifamily) I would recommend that the landlord take care of all maintenance.  

Of course, many investors bend/break this rule, but that's another risk.2) If your bid wins the foreclosure auction, you then have to deal with getting rid of any occupants - who may steal/damage everything they can in retaliation:(3) You MUST have a great crew on the ground that can minimize surprises - not easy to do on your first deal.Regardless if you buy a foreclosure or other property, read our copy & paste advice below:-----------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Does anyone have some really good websites for accurate up to date data for vacancy rates, median rents, average household income, etc? 

If you have good credit and good W2 income, Conventional is an option as well.

If you value simplicity and consistent income over high appreciation potential, this might align well with your goals.