I  Income:  The amount of property you can buy will be dependent on your Debt to Income ratio.  

@KeAnna Dakwa,Welcome to BiggerPockets—it’s great to see new faces around here.I’m also excited to see that you’re from Birmingham—I’m from the area as well, and I’ve been active here as a broker and turnkey provider for over 15 years.I see that you’re looking to build passive income.

Figured there would be a few data points left out of the equation' that I would need to circle back with :) .There are additional units not rented at this time which could be rented to increase the income.

Traditional financial planners make the bulk of their income from commissions on stocks and bonds, so real estate will often times get dumped into an "other" category that doesn't get the proper attention.In my experience, we did receive a lot of help from real estate agents that are able to help us with our upcoming transaction, HOWEVER, they aren't setup to support the overall plan design in a way that was centered around the most important financial kpis.  

I am in one of the higher tax brackets and could be saving around 40k~ a year on taxes with this.

If I protect my numbers, interest rates would have to be 3.5% or so in order for a 1% house to work (assuming 20% down), which means for $3000 rental revenue to work, the debt load would have to be about $235K at that interest rate (give or take with variable taxes and insurance numbers). 

My goal is to leverage that equity for additional income.

IF you have super strong income and you and have a lower 1st lien, lots of equity - MAYBE your best bet is using a local bank or CU to get most competitive HELOC inv terms.

I currently have a pre-tax retirement account with employer match and a Roth IRA invested in the stock market.

Does anyone have a document that breaks down a deal from start to finish, including potential tax incentives?