Hi all, My husband and I are high-income earners in a high income tax state (California).

Pedro charged $20/hour but we only needed him for a few hundred hours of work each year earning him approx $5,000-$7,000 extra per year

There isn't any room to push the income higher other than potential natural appreciation of the rental rate over the course of each lease renewal, which is also generally going to be 12 months.

The next step is to pull out some cash typically a cash out refinance and use that cash to put down on another investment property.Are you strictly using your liquid reserves/earned income to buy versus using the equity to pull cash out?

A good manager can protect your property, income, time, and sanity.

How does the demographic profile (age, income, health status) of potential residents in New Jersey and New York influence the demand for assisted living services?

Seems to me it would provide a more consistent face to the tenants and would streamline income and expenses tracking and payments. 

For example, even 50% down payment, the loan repayment is still more than the rental income. 

If you don’t mind me asking Job growth and stabilityLimited land to hold value Tourism and revenue incomes streams as a city to gain exposureMilitary bases nearbyResort town/ beach town Commercial businesses coming into the area Tons of gentrification in the area with new construction 

DSCR loans won't use your income to underwrite the loan.DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.Here's a bit more in detail about how rates are calculated for DSCR loans:1.