We hired contractors to construct the basement unit and turned 300 square feet of unusable space to a $1,000/month of rental income.

Can't use bonus depreciation but could use accelerated depreciation and get most (not all) of my rental income tax free.

Unfortunately an individual cannot do that and when you seller finance you pay more in taxes on the income than you would a normal investment.

I am a Airbnb Host in wisconsin dells wi .I can confirm The estimated earning on Awning.com are not correct. 

A property management company pays 15.3% self employment tax on income. 

So $30k plus any state income taxes leaves you with $150k+ after paying off mortgage.You can certainly do a 1031 tax free in to a new rental.

This option is ideal for converting to an income property because the (when the renovations are complete, and the property is stabilized) the borrower can begin receiving income from the property before regular mortgage payments are due.

This line on your Financials represents your real NET Income earned on the asset.   

 Hey BiggerPockets family,I was just approved for an owner occupant, Fannie Mae, 5% down with a purchase price of $1.3 million for a 4plex in the Phoenix Metro of ArizonaMy middle FICO credit score is 759My current DTI debt to income ratio is 30%I have enough down payment, closing costs for the subject property, and enough liquid reserves for all 10 of my apartment buildings totaling 45 units in PHX Metro AZmy mortgage lender quoted me with a rate at 8.125% with me paying 0.156 points totaling $1,920My question is,does this 8.125% interest rate sound reasonable for an owner-occupied fourplex 5% down Fannie Mae conventional loan as of March 27th, 2024, at 1700 hours?

I searched and found one HELOC lender that handles investment properties and below are some of the requirements.Typically a credit score of 720 or greater.A maximum loan-to-value ratio of 80%.Cash reserves covering six months or more and for rental properties, proof of long-term tenants.A debt-to-income ratio between 40% and 50%.There are higher interest rates on an investment HELOC than on a residence.1031 ExchangeAnother consideration is whether you want to keep the property.