I think Dave Ramsey(who I respect but don't worship, lol) would be highly disappointed in me for even thinking about doing this, SMH.

High yield savings, pay off debt, 401K, etc.?

I think first off what kind of money is involved here..  1 acre prime commercial worth 500k or 1 acre of high AZ desert worth 10k..

Even in a perfect market with low interest rates and high resale numbers, and the perfect Contractors and Property Managers.....

I highly recommend Travis' newsletter about all things Detroit (and beyond) https://www.buyingdetroitrealestate.com/.

Here’s a quick break down.I can’t get approved for a loan because my DTI is about 5% too high with the property.

I am looking to learn about note investing and also looking to buy 1st position performing notes. 

Another reason to raise rents if you go to sell the property it will be harder for a new investor to get a DSCR loan because the rental income is not high enough for the purchase price. 

Hi @Adam Pervez New Jersey has very high taxes, with that comes very high rents. 

In the words of the IRS, "The term trade or business generally includes any activity carried on for the production of income from selling goods or performing services."