That is our philosophy here as well and we kind of give that away in the name of our company RENT to Retirement - focusing on positive cash flowing properties to generate passive income.  

-All other terms of 1031 exchange must be the same.That being said, you can use 10% down financing for a secondary home allowing me to purchase a higher priced property and hopefully that generates more income. 

Look at the steam generator it might have a logo on it (like KOHLER).Sometimes they are inside the sink cabinet below the sink, (Beware the Steam Generator is live electricity 100% of the time--hardwired in).Somebody is going to have a very relaxing rental.

Recently, I started a meet up specifically geared towards empowering people of color to use Real Estate as a vehicle to build generational wealth. 

Although I collect rental income from our long term tenants, the lenders consider it "Border Income" and will not count it.If I buy a STR, will the income generated from that count as income when qualifying for another mortgage?

@Javen Bowman As mentioned, anything past 4 units, income generated on the property will be counted and an llc will be needed to qualify a commercial loan.

The idea we can just double it real quick and make up for all that lost ground, especially for a new generation that has found dozens of creative ways to make money that way we don't even understand (anyone minted any NFTs lately?)

Will the property be used as an income generator or as an asset for resale at a higher price?

That way I could incorporate possible monthly income generated into my income.

Such a poor-performing property manager will result in more frequent tenant turns, more frequent maintenance, which generates more income for the property manager.Another claimed advantage is that there is already a tenant in place.