Hi, i have a handful of properties that i have purchased over the past several years as passive investments.

I also want to say that if you see this as a true passive investment, you'll be in for a surprise because it's anything but....usually.

Income from leveraged real estate or active business income.

Cash Flow Potential: Rental income from real estate held in an SDIRA flows directly back into the account, allowing you to reinvest and compound your wealth tax-advantaged.

I mean myself and any bank would need more details, but if you utilize that large sum as a downpayment and have a small mortgage, wouldn't you easily qualify for the debt to income?

And I would love some passive income or at least someone to pay my mortgage until we can pay it off maybe.

I have been investing mainly in trust deeds but like you got connected with Dave and just recently ended up investing in his fund, my primary reason was for diversification and because it is passive. 

With a 7% interest rate and a high HOA, it could definitely help your cash flow in the long run, especially if you’re looking for passive income to reinvest later.

Rentals generate passive income, so an S-Corp offers no added tax benefit.

Just focusing on the passive income you want to achieve will leave you chasing cash flow which will have you buying properties in worse areas with harder tenancies that seem to cash flow better, but will have large cap ex.Any time someone asks a question about where to invest and it can be anywhere, they aren't ready to invest and are opening themselves up to every pitch in the world on an area.