The program is designed to assist low-income families, and these benchmarks might exclude a lot of qualified people.That said, the requirement for stable rental and work history is reasonable, but you might consider relaxing the credit score or income requirements since Section 8 guarantees a portion of the rent.

Either way, after five years, I can say I achieved a certain level of passive income—just not the kind that puts cash in my pocket. 

If you have some capital, income, and decent credit, buy a 4-5 bedroom house and rent bedrooms. 

How is it for preparing taxes? 

Don’t forget to pay your state of OH income tax, even on the formerly tax free money you are transferring out of NV in to a state with income tax. :-). 

That's $1,600 per month plus to pay debt, plus at least $400 in taxes and insurance.

Velocity banking works by taking a huge 'chunk' and putting it down on principal, then paying down the HELOC with every penny of income you get. 

@Frank FloresInvesting in delinquent tax sales in Houston can be profitable, but it comes with risks.

BUT...if you're American and can still get loans in the US (the silver lining of having to still file US income taxes while living abroad), then why not use leverage?   

It varies by program.To learn more about DSCR programs: DSCR loans won't use your income to underwrite the loan.