Be prepared to potentially have zero income for many months.In addition, you will want to check the permits.  

@Jacob Hafer, in most cases its a sunk cost and some landlords nefariously even use the application fee as an additional income stream.

@Gavin JexSo you want a bank loan and then seller finance as wellA bank would not be in second position so they as the owner / lender would be in second.Also 0% they would still be responsible for taxes on that at AFR so if your payment is $300/mo the loan would go off federal rates so they would essentially have to claim around $5k in interest income which would be ordinary income so they may end up paying all of your payment in taxes… just fyi if they did speak with someone on thisSounds like a steal if deal for you

Looks I have to report net income on SE Line 24 ($2k), but on Line 25, I cannot claim losses due to higher income (>$150K).

I have taken the wholesale and passive income course and started in March 2021.

Madrid have become the number one City in terms of income and investors since for the last 25 years investor friendly goverments in the region had atracted the bigger companies of the world to invest in the city.

My NET operating income (what actually matters) was 60k less than the year prior. 

For the past year I have been looking for a place to buy as an income/airbnb to buy in Mexico and have inquired about Playa del Carmen and Tulum and keep coming back to Tulum as it seems like it has the potential for growth with airport coming and simply more infrastructure.

I'm      particularly interested in exploring the BRRRR strategy, despite the initially lower monthly cash flow.Long-Term Goal:- The ultimate objective is to achieve a monthly income of $15K+ through real estate investing within the next 10~15 years.I greatly appreciate any guidance, tips, or perspectives you can share based on your experience.

When you graduate, fill your space with another student and then buy another house hack while you get started in the business world.Yes, you should work the "boring 9-5" to generate income and qualify for loans.