Does anyone know that if you are a single-member LLC that holds residential real estate (SFH, 4plex, 6plex) is rental income from a schedule E considered "payroll" according to the definition on page 3 of the application that says payroll can be "net earnings from self-employment or similar compensation"?

Tip #1 - self-manage #2- find a reliable cleaner #3-earn five star reviews #4- follow this forum on BP. 

Although people can earn more being unemployed, I still require my applicants to have a verifiable source of income/employment.

A high percent of successful investors already have a lot of money that was earned by working, inherited, or received from some other method and then they invested their money in real estate.There are a few investors who have the talent to put together a real estate syndicate with very little of your own money, but you need to speak with an attorney who specializes in syndicates and you had better abide by the laws or you can end up in jail.

@Brandie Coppett I needed to save a deposit for my first house and I did it by making a spread sheet with my daily expenses/earnings.

I have tenants ranging from extremely low income (section 8) to 6-figure-earning professionals... and the low income tenants' usage is nearly always the highest whereas the high earners' usage is nearly always the lowest.

Oh and the officials who think we the people are here to provide our hard earned money so your departments can have nice new everything and make 6 figures when you do Not Generate a Profit!

The money you put aside for a new roof is retained earnings (savings) and is taxable income if you did not use the money for a roof that tax year.

This allowed me to continue saving up for my own down payment while earning money and more importantly gaining experience while managing the first place.

You can include pdf spreadsheet of the past 12 months revenue earned, snippets of surrounding Airdna comps, and a link to the OTA listing pages to view reviews in the additional docs section.