I have had the discussions with my wife about wanting to earn passive income through rental properties and we are on board with the idea.

More importantly... by paying yourself from your rental income, you are converting passive income into earned income, subject to Social Security and Medicare taxes.

@Eileen L.Generally it's right if you can grow you income or equity by moving into a different asset type.

I do live in my building so my income from the other 2 units in the building go toward my mortgage payment.

It's a very unique investment in that I have to pay for all the utilities but the income is very good when the house is full.

Affordability: Oklahoma offers affordable real estate options, making it easier to acquire properties in the desired price range.2.Rental Demand: OKC has a steady demand for rental properties, particularly in the affordable housing segment, which can ensure a consistent income stream.3.Economic Growth: The state's economy, including sectors like energy, aerospace, and healthcare, contributes to a stable job market, attracting renters and supporting property values.4.Investor-Friendly Environment:Oklahoma's landlord-friendly laws and reasonable property taxes make it favorable for real estate investors.5.

My siblin has a credit score in the low 600s and Annual income of $40k and my credit score is in the 785 range with annual income of $170K.

Note that self-employment activity can be part time and in addition to being employed full time.

If you embrace the ability of real estate to replace your current W2 income job, this could be the first step toward doing that.  

Additionally, metro regulations can impact revenue.