We are not focused on the passive income at this time as both working W2.Questions:1.

So is this just as simple as showing how much the property makes or do they also look at personal debt to income, credit score, reserves etc as well.

Hi @Andy S. 3x monthly rent for income has worked well. 

You need to create an account.

@David LewisRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I’m an investor and student of the game when it comes to building passive income and a solid portfolio.

If you think you'll hand it off to your PM to run and take the great amount of passive income as your great reward, there is so much more to it.  

I’d never had more than $2,000 in my bank account up until this point.

-------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

They are your best option, because when you have tenant turnover, at least you will still have income from the other units.