Hi BP Members,I shortlisted one RE property with $350K purchase price and with good long term tenant income ($4400 PM current).

Do you have clarity around different options there are to create cashflow besides pure yield/interest/rental income?

The price and the rental income are good.

.- Future rental income: I can continue to rent it out and let the equity grow.

Ask me privately.Financial Highlights- Gross Potential Rent: $98,061 per month ($1,176,732 annually)- Total Income (5/1/2023-4/30/2024): $1,357,459.80- Net Operating Income: $896,896.09- Existing assumable loan: $6.7M at 5.38% fixed rate until 2029Value-Add Opportunity- Partially renovated property with potential for further upgrades- Current loss-to-lease suggests room for rent growth- Opportunity to implement operational efficienciesMarket Dynamics- Huntsville's population grew 9.4% between 2020 and 2023- Strong job growth, particularly in aerospace and defense sectors- Significant multifamily supply growth (15.9% inventory expansion in past year)Investment Strategy- Assume existing favorable financing- Implement value-add renovations to drive rent growth- Capitalize on Huntsville's robust economic expansion- Target hold period: 3-5 years to align with loan maturityRisks and Considerations- High market-wide vacancy rate (17%) due to recent supply growth- Potential for market softening due to rapid inventory expansion- Property age may require significant capital expendituresThis opportunity offers a blend of stable cash flow from the existing operations and upside potential through strategic improvements, all underpinned by Huntsville’s strong economic fundamentals.ⓘ This is not an offer, solicitation of an offer, to buy or sell securities.

Getting enough passive income to step away from a job is going to be hard to do in Oregon.

Gross rental income divided by 2 (50% op ex ratio) equals net operating income. 

From what I remember, and what I'm reading online right now, electric heat can cost 3x as much as natural gas.

thats basic list one can add.Value add /  New construction / land entitlements/ Timber / Minerals/ Lendingetc etc.. far more ways to actually make money than just buy and wait for rental income to payoff debtl 

Some reasons you'd need to sub your tax returns: if you have a schedule C (self employemnt) or a schedule E (rental income).