Median household income for 38109 is $35k or ~$31k after tax

The poster was asking about broken/damaged household items and guests destroying a rental. 

I am working toward passive income to live off of.

Vanessa, If you choose the seller financed route, you could potentially continue investing under the bank's stringent debt-to-income radar, so to speak.

Jimmy,You need to show (2) years of 1099 SE income in order to use FHA, or traditional financing to get approved for a mortgage.

I’ve seen cases where multiple tenants in a household had prior evictions from different addresses, taking turns as the primary leaseholder to avoid detection.

It will take at the very least 200 units to achieve that income goal.

ALL of my major problem tenants happened to have had a average (adults in the household) score below 625. 

There will likely be a partnership return required where you flipped a house with a partner and lost $120,000.If you sold the other property within the same partnership, it will also be reported on that partnership return.The net result to you is that you will receive a K-1 showing your income / loss which you then use to report on your individual return.If you made no money within the same year, you likely pay no additional taxes / get no additional refund.Best of luck.

If your goal is passive income, it's not going to be in New Jersey when you factor in cost to purchase, management costs, and rent to price ratio, but what you can get is steady appreciation.