For example, I mention that every adult must pay a $XX application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.

Investing in real estate is a great way to generate passive income and wealth if you are in a position to do so.

One good thing about building a 2-4 unit as a primary is you less money down and you can use the other units as income to help build a more expensive home.FHA allows for a higher loan amount as you get into the 2, 3 and 4 unit homes and its still only 3.5% down.

However this new feature shows my payments as income to me.

On here there are people who wanted to know about the program and almost no one could say it worked or not.- I found one lady online give an independent review, and as I said she was lower income, didn't say anything bad, and put the blame on herself.

While I do maintain a relatively modest percentage of my assets in money market instruments, corporate debt funds, and high dividend stocks, I remain most comfortable with the investments I specialize in and know best.  

I am wondering if I can claim it as a repair(counting against rental income) or if it must be claimed as an asset (with depreciation benefits)?  

As far as financing goes, I have now a steady income (although a small history), a FICO score over 760 (but never had a loan), and my dad who could co-sign if needed.

Currently, I own a restaurant in Florida that’s generating a decent income.

It really has to do with the spread between rent (income) and expenses.