Monthly income from the rental is $3,400 ($3,100+$300).

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You can potentially own the property with no out of pocket costs (rent covers expenses and then some) PLUS you get the added benefits of equity, appreciation, and continuous income from the rent/cash flow.  

Getting a degree is not totally necessary but one that can bring income is good like engineering or computer tech.

If you are looking to repeat the house hacking process by vacating your house every year and also being able to use the rental income, you would want to make sure to get the lease fully executed and lease term would be minimum 12months.

If a 20% DP generates a negative CF, then don't buy the property. 

If its a 2-4 unit you only need 15% down using a True Portfolio program and you have DSCR as a back up that uses the STR rents to qualify and avoid personal tax returns or income.  

I want to help people just starting out as wholesalers to have a path to generate leads for properties where time and partnering with realtors is your only cost. 

We don't have state income tax here in Texas, but they are still sure to get their money!

For example our bridge loan product is ok with your debt to income being to high at the time of purchase as long as the debt to income will be low enough to qualify once you rent (or sell) your current home.