This is usually done to increase your rental income but it comes with a price as you are finding out.  

. - Established and actively managed AirBnB's will continue to be consistent income producers with a gradual growth in returns. 

They tend to all have good incomes, little to no credit, and are self employed with lots of family.

DSCR Loan (10% Down Possible)Debt-Service Coverage Ratio (DSCR) loans are based on the rental income, not your personal income.Some lenders allow 10% down, though 15-20% is more common.6.

There is no current tax on rental income and capital gains.

If you have more than one LLC, each LLC should have its own set of accounts.Checking: Collect all income here, then use it to pay bills, the mortgage, or maintenance.

@Hiyun Park only experienced investors can DIY everything in Class C Midwest areas like Detroit, Cleveland, St Louis, etc.Hopefully the info below will help you:-----------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Their income is only 3X rent, they lack credit history, and the household is much larger, which could result in more wear and tear.

I want to dispel the myth that laundromats are passive income.

Its a good place to retired there.