Most PM companies have a requirement where the tenants income needs to be 3x the rent per month.There’s more to it than that - but it’s a lot to type out.It’s a popular strategy for those looking to get into STR/MTR and can’t afford or can’t qualify to purchase a home themselves. 

One area that has caught my attention is the Pigeon Forge/Gatlinburg TN area - seems like there is a good rental income to acquisition cost ratio.  

@Kaushik SarkarI recommend finding an accountant specializing in real estate taxation.

There is never SE tax on rental income from LTRs. 

I would ask for the eviction to be denied and for the landlord to need to give a detailed accounting of what's owed.

The mortgage doesn't affect your income taxes nor a 1031 exchange.

I want to help with low-income housing in my community that I know well and I've worked in for many years. lenders sometimes want 3 deals of the same level done.

Additionally, Allen county allows you to use the lesser of assessed values based on either the comparable sales, or the income approach.

I am likely going to be paying approx 300K stupid tax on their account.

Income generation is expected to commence for two houses during the rehabilitation phase upon securing tenants.