That really brings your net income in the deal down.

Will the profit be counted as self- employment income or long-term investment income?

The number of doors or the income to eventually create time freedom?

Everything going through my mind is around securing our income during retirement and leaving some sort of inheritance to my children. 

I would like something where I could realistically cover the mortgage with my W2 income in the worst case scenario of all the other units being vacant.

Even if I bought 10 more Indy properties all my net rental income won't add up to my W2 income (after taxes). 

HI Erias,You can always start off by house hacking meaning you live in one UNIT or ROOM and renting out the other vacant units/rooms to offset your monthly mortgage payment.There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.

The person does pay her back and she did report the interest income. 

Then I started looking into turnkey properties in desired neighborhoods that I know would make good rentals and support good rental income and have long-term appreciation.

A good realtor who works as a team player rather than being more motivated to earn commission by closing many deals quickly and ignoring the type of deal does not help investors.