That's about 14% of your annual income, not 25%.Is it wise to self-manage?

Each of you are putting in half of the down payment, but I'd consider agreeing to a 60/40 split of the net income in favor of them. 

PP was 780k and they will do over 125k this year in gross rentals.

Another method they can use is the income method or the cost to build.

Worked ourselves out of income here lolVacancies lowMaintenance repair requests lowNeed to cause some drama so we can start putting some food on the table lolJokes.It's interesting though how if you do a good job in property management you kind off work your way out of being able to generate more income.I guess it's a good problem to have from a performance and ethics standpoint.What do you guys think?

Hey @Chris Dawson, There is alot to unpack here, but please note your wife getting her real estate license in of it self does not qualify you to use those losses (created by a cost segregation) against your active income.

Good opportunity to increase income and boost returns as seen in my data.

Moreover, due to my irregular income, obtaining financing isn't a viable option for me.Considering the above constraints, my plan involves a different strategy tailored to a specific area in Alabama.

Otherwise, what if they have a substantial increase in income and lose the voucher?

You are able to get into a fix and flip loan at 30% down on the purchase and 100% of construction . no income no doc