If you use the money to acquire another rental property and it is generating passive income, then that income may be offset by any passive losses generated by your first rental property due to the mortgage interest deduction.

Scenario: I’m trying to use the FHA loan strategy to acquire a home each year.

I set a hefty goal for myself for 2020 to acquire 10 units this year.

Acquiring below market and implementing a value-add improvement plan will result in a portfolio of properties that appreciate over time and that also offer significant tax advantagesPick the right market – not all housing markets were impacted in the same way during the last recession.

2.) what type of deals are you looking to acquire?

However due to my credit I was forced to acquire these properties unconventionally through an all cash offer, and through seller financing.

Also, I know that some folks acquiring larger investment properties in my area have had luck with the community banks including North Shore Mortgage and National Bank of Commerce.  

I know the information that I need my realtor can acquire for me easily. 

The other part no books (that I know of) talk about is whether to vertically integrate in a local market (i.e. build out your own management infrastructure and maintenance team) by acquiring many smaller deals, or trading up into larger buildings (100 units plus).

I'm just giving you an alternative option too.If you'll be renting it 3 years+ from the time you acquire it.