Several of my recent buyers have been medical and legal professionals with high taxable income, that are looking to expand their value portfolios by incorporating an accessible short term rental property (often doubled as a legacy anchor) that will often offset or 'pay for itself,' in tax savings. 

I am able to work as a travel doc, and she works remotely in tech, and we plan to use our combined incomes to put towards REI, as well as keeping our cost of living reasonable!

I'm currently a college student working part-time earning 25-30k yearly.

If you want true "Passive" income in real estate, you need to have a lot of cash to put into it.

Just because they make enough income doesn't mean their application is perfect.

The loan programs for 1-4 units have more favorable terms depending on if you're buying with income with a conventional investment property loan or having the loan underwritten by the rents with a DSCR / rental property loan. 5-8 loans generally have tougher underwriting and the rates are higher if you're looking at DSCR loan options for 5-8 units. 

Bringing the sales "In-House" into our company, and I would earn the commission.

more units mean more income and generally not 2X the price.

Make sure you get your financial house in order first -- decrease debt, increase income, & maintain a good credit score.

I have a tax question regarding how to report my rental income when my tenant made and paid for improvements and I am reimbursing them by lowering their monthly rent.