Since we cannot earn active income but can build an LLC, you must have people work for your airbnb (ie. property manager) for it to be considered as passive income; that you are just the owner and investor.

The rentals are a nice way to acquire passive income but I want to turn real estate investing into my full time job.I have been looking into a bunch of areas such as Flips, Wholesaling, Pre-foreclosures etc. 

Would you accept a tenant for a $2,150/month rent with the following situation:- They own 2 restaurants so it is hard to verify their actual income VS the company.

For example, states like Texas have no income tax but higher property taxes, which can impact your strategy.

This person probably sites on the internet and thinks they know what they are talking about but again 100% clueless.Rental Pricing Regulations 99% of the time HUD pays MORE than cash.in OH anyway.Risk of Renting in Lower Income Areas SEC 8 prop can be anywhere, NOT just low income, I have props in the best areas in Cleveland.

Interest income from lending is taxed at your ordinary income rate.

This payment will leave me with about $600,000 in W-2 income for 2024.

On the equity side by increasing net income and or decreasing risk, on the debt side by “working” the note.  

So, I feel as though my approach gains me slightly BETTER numbers when it comes to income and expenses over someone who tries to get top rent with higher vacancy/turnover.

Each platform offers unique features that I find intriguing and that align with my requirements, such as no monthly fees, interest-earning potential, and robust digital tools for financial management.Before I make a decision, I wanted to ask if any of you have experience with these banks or if you have other recommendations that fit the bill.