Are you looking for immediate cash flow through rental income, or are you more interested in long-term capital appreciation?

In these cities, your financial resources will go a long way enabling you to assemble a diverse multifamily portfolio and initiate a steady stream of income.

The majority of taxpayers are required to settle their tax dues by April 18 to avoid penalties and interest accruing on any outstanding amounts after this date.For those residing in Maine and Massachusetts, the deadline is extended to April 19 due to the Patriots’ Day holiday in these states.How to Request an ExtensionIf you find yourself in need of an extension, the IRS provides convenient options to make the process smoother:File Form 4868:Utilize your tax professional, tax software, or the IRS Free File platform on IRS.gov to submit Form 4868.Individual taxpayers, regardless of income, can leverage Free File for an automatic extension request.Electronic Payment Method:Make an electronic payment using Direct Pay, Electronic Federal Tax Payment System, or debit/credit card or digital wallet.When selecting the payment type, indicate it’s for an extension.

By doing this, you can build equity in your new property while someone else pays the majority of the mortgage through rental income.

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

The leases that I've been involved with for the feds are very specific as to what they will and won't pay, what is needed in the space,; and, most of the leases are gross leases wherein the Landlord has to calculate many unknowns.

Hope this helps to understand how a lender looks at a rental property's income to be a self sufficient asset.

You will need 2 years of tax returns showing consistent income.

I think the world is moving towards a need for a person to have to have multiple streams of income even if one wants to buy Real Estate. 

I would say look for a hard money lender actually - you won’t need to verify income or anything, they usually care most about the deal itself and this deal seems like it has great potential also when you’re starting out, it’s going to be difficult finding private money fast and they’re not going to trust you as much so their rate will be higher, hard money lenders at that point have the same rates as them!