If you secure the automotive window tinting job with a consistent salary of $60k-$70k, that should satisfy most lenders as long as you can show steady pay stubs.

This requires an income that rises faster than inflation, or you will not have the additional dollars you will need to pay future inflated prices.What causes rents (and prices) to increase?

That $108k is both what you need to pay your own salary with AND the mortgage payment if there is one.

Buyers now need legal representation before they can see a property with an agent and commission will no longer be advertised (In the Greater Cincinnati market it will still be standard for sellers to pay buyer broker commission)I wanted to ask everyone who sees this, how are you changing anyway you are doing business (if you are)?

Any company insuring your properties without an inspection most likely has a clause buried deep in their policy allowing them to deny claims for conditions found on the property that do not meet their UW standards and they will deny you claim based on "the house should have not been insured with them anyway".Although the inspections can be annoying look at it from the other side.You pay them 1000 to 3000 a year to insure a rental property where they agree to pay out possibly hundreds of thousands of dollars if it burns down or up to 1 million if a tenant slips on a bananna peel and falls down the steps or the tenants dog bites someone and since you didn't enforce the tenant having their own renters policy to cover the dog bite the landlord's policy is paying out.The insurance company is very much like your rich uncle backing your business venture - you run the business, he takes on the financial risk from disasters, and doesn't even get a say in who lives in the property.Your rich uncle asking you to fix the steps, put up a handrail, etc which is in your and his best interest long term.Do you really want to rent out a property with a busted front step and a bad roof that is going to leak sooner than later?

Why pay the extra?

As a borrower, I utilize my private lenders whom I pay between 8-12% to quickly purchase properties that are distressed or low in value.

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is expected to be higher, you may consider an umbrella insurance policy.

This is because the Schedule E is obtained independently, and few people would inflate their rental income in that form (and pay more taxes than they should).  

The more good real estate debt that you can get into that is tied to good rents that pay it down the better.