., 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.

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.

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

Typically 75% of rental income can be applied towards your DTI for qualification. 

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!

A fair rate for solid management typically falls between 20-25%.Superhost or High Review Ratings Matter – Ask if the properties they manage consistently earn Superhost status or maintain high guest ratings.Communication & Accountability – A good property manager should be responsive and proactive.

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.

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

“Wholesaling is passive income!”

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