Do you sell any bank foreclosures in Comal or Guadalupe county Texas?

Is income/occupancy holding up?

Higher taxes rates can impact both your buying power and your passive income as an investor. 

It's going to be tough to buy a property without steady W2 income.  8k is a good start, but you might need to keep saving.  

Subject to Unrelated Business Income Tax (UBIT) if using financing (e.g., a mortgage).

If you have enough money but your business is the main driver of income in most cases you can make more money putting time into the business.You could also get creative here.

Previously I'd always used Stessa, which has a great Net Cash Flow statement view, breaking down the usual income/expenses, but also includes a section for Interest/Principal, and another section for CapEx. 

You both have W2 jobs - so you're likely not a Real Estate Professionals - so these losses will be passed on until they can be deducted from other passive income in the future.

@Curtis OsaweyStarting with Section 8 housing can be a great strategy, especially since it provides consistent rental income.

For quick math I have a range of each between: 700/yr to 3% of gross income