No income statement,  no balance sheet, nothing that can give you correct financial picture. 

At this time the primary goal is passive income and then scale within 5 years as I gain more experience and network. 

In contrast to what I assumed, the majority of my rental income here in the northeast comes from summer rentals since that’s school vacation weeks and no matter what you’re charging on ski weekends it’s not matching the rent from an entire week’s summer stay. 

Especially in today's high interest rate environment, a low income buyer is usually going to be better off renting than buying.

A recent article discusses how Bloomington is considering flexible zoning to support dorm-style units, aiming to provide housing solutions for residents earning 30% of the area median income (AMI). finance-commerce.comThe city has successfully added new rental units in the 50% and 60% AMI bands but faces challenges in creating units for the 30% AMI bracket due to financial constraints.

Quote from @David Cherkowsky: Quote from @Sasha Mohammed: Hi David,There are lenders that will allow you to purchase via a DSCR loan using STR income to qualify.

This will be the perfect storm for another crypto bull run.If you’re still playing by the old rules—W-2 income, stock market investments, and zero tax strategy—you’re gonna get left behind.Part 3: The Moves I’m Making Right Now (7:00 - 10:00)Here’s what I’m doing right now to prepare:1️⃣ Stacking up capital for real estate deals BEFORE policies shift.2️⃣ Building a bigger investor network—because when the floodgates open, I want to be ready.3️⃣ Structuring my business entities to take full advantage of tax benefits.4️⃣ Focusing on industrial real estate—because if Trump brings back U.S. manufacturing, that’s where the gold rush will be.5️⃣ Using my legal and investment expertise to help investors navigate and WIN in this new economy.6️⃣ Investing in bitcoin and crypto as Trump is pro-crypto and creating massive tax shelters and deregulating.This is not about politics.

You either have verified income and meet the other requirements, or don't. 

However, capital gains tax (if not exempt) and transaction costs could eat into profits.Cash-Out Refinance- If rental income covers both mortgages, this could scale your portfolio faster—but be cautious of higher mortgage payments and interest rates.If you have any other question, send me a DM or email!

My approach balances both—ensuring that my investments generate income while also appreciating in value over time.