By year three, I aim to cover all operating costs and, by year four, to generate positive cash flow.Experienced investors say it’s crucial to persevere through the initial challenges while gradually building credibility through positive reviews, and I believe them.

I plan to start with a multi-unit property for house hacking and gradually expand into more investments.

Typically 75% of rental income can be applied towards your DTI for qualification. 

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.

So I did a 3-2-1 buydown and secured a 2.875% interest loan for the first year of the loan, and it will gradually go up a percent each year until it hits my rate of 5.875%!

These loan products include a partial release feature that allows them to be repaid gradually as TIC interests are sold, and ensure that the sold TIC units are not encumbered by a blanket encumbrance.- The variety of financing products available as individual tenant in common loans remains limited, and the terms are generally less favorable than either apartment building loans or condominium loans.

@Chris John I'm seeing quadplexes thhat are far cheaper per dollar of income today than they were in 2021. 

Could someone explain that to me or if there’s anyway to deduct those expenses.Hey Troy,  When a property is not “in service,” it means it is not yet available for rent or generating income.

I am working toward passive income to live off of.

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.