One of the most common struggles for aspiring fund managers -- current cash flow.Many fund managers are struggling in the short term to produce cash flow for their business.In a typical structure, fund managers (specifically referring to folks who leverage SPVs to invest into specific deals or funds) -- may earn 1-2% upfront as an acquisition fee and earn the rest of their compensation in a profit sharing split once the preferred return to investors is achieved.

I offered him seller financing so his wife could have guaranteed income without the hassle of dealing with tenants.

Is this a low income property?

As my research if income AGI over $150k you dont get to write off a lost on your rental.

You can also go to Airdna, and I think it’ll let you put in the number of bedrooms so you can get an estimate on what your gross income would be for a property of that size. 

In a few months, we will be receiving a significant amount of income as a lump sum that would pass through as schedule K income after the LLP's deductions for the 2024 tax year.

You have to weigh the cost of a non-renew against the potential income you could make. 

I am looking to add passive income while still working my current job until it makes sense to do real estate investing full time. 

I decided that I want to house hack, to add some additional income.

.🛠️ you'll have time to complete a good amount of rehab work on your own💰 you'll likely be earning more at work than your starting salary now, and the monthly payment will be less of a burden🔵you'll likely make friends who may be willing to rent a room or two from you (house hack) to reduce your monthly expenses, if the monthly payment is difficult for you💸you'll likely be able to refinance at a lower rate.