Any expenses and income are also based on the percentage of ownership and cannot change during the life of the investment. 

It seems like the income is significantly reduced when there is a mortgage but as a newbie I am trying to figure this out.Thanks!!

Ask to see the sellers Schedule C to see that the income reported matches the payment history.

While we do not see income from these properties and are not managing them we do have a significant amount of depreciation and losses that have been assigned to us and carried over from the past couple years.I am invested in some growth/equity focused projects already and am specifically looking in reliable income focused strategies that are tax efficient provided the losses I have from my family.

Some wealth managers have an income threshold they want their referrals to be in. 

- Our end goal is to use the properties to replace our current income with a goal of 35-50k in passive income a month, are these numbers and the plan too unrealistic?

I am trying to obtain and generate additional income, and expand my portfolio, and am seeking advice on some decisions and choices I need to make to help to accomplish this. 

Self storage in high income areas of Spain.4.  

.- We've upgraded 75% of the units with fresh flooring, paint, cabinets, countertops, and appliances as needed.When we took over the property the 16 units were producing around $9000/month in gross rent.I just checked our rent roll today, and we just crossed $17,000 in gross income monthly!

Once that is completed, then run the credit for those that meet the first round of criteria.You can double check but I have not heard you have to prioritize a Section 8 tenant, you just can't reject them because of source of income.