Establish specific objectives for wealth building, financial independence, or passive income.

I've found a single-family home and plan to rent it to master's students to generate income.

My dad invested in rental properties from 2008-2014 and made good rental income on them.

When I self-managed C Class properties, I would put the requirements for tenancy in the rental listing (3x rent in income, 1-month security deposit, criminal check, etc.), and then when the potential tenants called in, I would speak to them for a few minutes, explain the requirements, get some sort of verbal confirmation on some or all of the requirements, and then invite them to different showing times I had set up.

I would like to offset other Schedule C income for 2023 with the STR bonus depreciation from the cost seg., but it is not looking too promising. 

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

So good reits where you can generate growth and income while learning the ins and outs of real estate and the vocabulary is a good idea. 

No income No doc .

what if the laws changed and that impaired your ability to get income you needed to pay your mortgage?

It is really not passive income.