Can you count that $4,600 as “rental income” or does it have to go under some kind of self employment?

I own a small portfolio that brings enough income for me not to have a w-2 income.

To go a bit further into what Dmitriy mentioned, since your IRA earns the income the tax treatment is specific to your IRA.

., equipment) are excluded from 1031 treatment and are taxed separately—goodwill is typically taxed as a capital gain, while equipment may be subject to depreciation recapture taxed as ordinary income.To minimize taxes on the sale of the business, consider strategies such as Opportunity Zone investments, which defer gains until 2026 if proceeds are reinvested in a Qualified Opportunity Fund (QOF), or structuring the sale as an installment agreement to spread taxable income over multiple years.

. $55k tax free is like $75k pre-tax W2 earnings...we essentially doubled my income that year.

I ended up with 12 properties and 20k/mo in income after they were paid off.

Right now, my focus is on leveraging my degree and skills to land a higher-paying job, increase my annual income, and ultimately grow my net worth.Real estate has always been something I’ve been interested in, and my long-term goal is to start investing in both real estate and retirement to build financial security.

More info on DSCR loans generally to better understand how the programs work and what goes into the underwriting: DSCR loans won't use your income to underwrite the loan.

My thinking immediately turned to researching local rental costs per square foot to determine income potential with triple the current square footage.

These loans are based on a property’s rental income rather than your personal income, making it easier to qualify as you expand your portfolio.Networking and Mentorship:You’re already off to a great start by reaching out here!