As for financing, make sure to explore options for using rental income to qualify, and be prepared for a 20% down payment.

I'd be heavily focused on mitigating that future tax liabilty rather than directly supplementing that income.

Insurance-  we had 18 months of full lost income coverage.  

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

Analyze Rental Income PotentialRun the numbers for your specific property.

Excluding the periods of “tulip bulb” irrational exuberance, a property must produce enough of a risk adjusted return to satisfy both the ROI demands of the “limited partners”, and the income/time requirements of the sponsor.  

@Kaleb JohnsonRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Agents on teams will get leads, learn the business and leverage the team for their higher income and future business success. 

We pay Lightning Docs a $500 annual fee and $500 per loan, which we charge to our borrowers at closing.

If you pay down $100K in loan saving you $1K in monthly costs against rental income, or you invest that $100K in something that generates $1K in net income the result is similar.