Getting a degree is not totally necessary but one that can bring income is good like engineering or computer tech.

Here is the process (keep in mind, you can be the one person whom does these all, or outsource or have in house employees to do these):1.

Note they will cost around 35-40/mo so make sure you calculate that as part of what you actually earn as that is a seller expense (if it’s gonna be owner occupied property) - if it’s not then you could charge it to borrower

However, I feel like this 15-20% would eat into my profits too much but it would definitely make the whole process much smoother. 

The underwriting, paperwork, origination, funding, payoff, and all other processes remain unchanged.

Hi Kadia and Bigger Pockets' Friends, I'm currently in the same process as you and will put it under our LLC using our EIN number. 

With the market you’re earning 365 days/yr.

Thoroughly vett the applicant and make sure they are aware of the process.

But if it comes up I have the paperwork for that situation and they've accepted the process. 

My true goal is to earn enough cash flow to 1) cover my necessities and general living expenses and 2) replace my W2 (I have the approximate numbers for these goals based on my own personal ambitions.)Based on your comment, it sounds like I should strive to own high quality real estate in medium-high barrier to entry (read desirable, appreciating, etc.) neighborhoods.