Then I would learn any way you can about construction, because that is a game changer for the average investor....

That being said, this is what the underwriter looks at.For schedule E income (real estate etc),In most cases, They will take the total income after expenses (line 26), then add back Depreciation and Interest expense (lines 23c & 23d) to come up with a total number.They will do that for two most recent years (at least) and then take the average of those.Then of course add any other income that is usable, example would be your K1 income or any W2 etc.Then that is the total annual income number that is used to come up with the monthly number.As I stated before, I am not the underwriter and I am sure there is a lot more involved that just that, but that is a good estimate on what they do to come up with your monthly income we can use to qualify for a loan."

It is a low-cash and low-risk way for the average Joe to pick up properties with a repeatable model. 

This was a nice little house that was affordable in an area that was appreciating at a higher than average rate.

@Timothy Munger if you self manage the property than the appraiser will input a company average.

The average RV coming to the places I go , truck and trailer combo is $90K and up .

The effort is enough that PMs in my market charge half a month's rent for the effort (our average rents are ~$2,500, so the PM is charging ~$1250 to place a tenant). 

The upside is that it is easier to get a self-storage deal done -- the downside is, it is easier for the average Joe to get a self-storage deal done too. 

The single-family home average price climbed 13.1 percent to $377,631 while the median price rose 14.7 percent to $305,000.

utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshareAt an average of 77% occupancy for the area @3.7k a month, you would be cash flowing substantially of at least 20% coc Y1 (including the agents fee), y2 30+%This one below too seems to be an okay investment as well for LTR https://www.zillow.com/homedetails/109-Baity-Dr-Asheville-NC-28806/53166423_zpid/?