You will run out of money for down payments quickly buying rent ready rentals & the STR income can fluctuate greatly depending on the season / state of the economy.

It's usually more tailored for rental properties, covering things like loss of rental income and liability.

I have a healthy income and have built a solid financial base for my age.

Decide if you want to focus on short-term tactics like property flipping, long-term wealth creation, or passive income generation.

If your licensed as a realor doesn't all the income you make have to be reported as earned income rather than passive? 

lol. asset cap rate should be higher than mortgage rate to begin with.this is the same as buy-hold , if i can invest to debt that generates 8% income why buying equity investment that appreciate less than 5%.

That said, it is COMPLETELY different from the beachfront condo area in both guest characteristics and overall potential. 3) My personal opinion (based on years of on the ground experience in the area as a living breathing owner and manager) - 2b/2b have the lowest per sq ft income potential. 3b+ units do better as do STUDIOS!!! 

Peter,That does not sound accurate based on having a Schedule E and being able to take those deductions as well as other standards.As an investor it’s not a bad thing to show more gross income which usually allows you to buy more properties with more income and a lower DTI.

So, I know once I can focus on it full-time, I’ll be able to double my income from the business. 

The holder of the note makes no real difference; in Jane's case, it might be more advantageous to her to hold the note than sell outright depending on how she can absorb the sale from a tax perspective; in your case you don't have enough income to do a conventional loan so getting a seller carry can give you more properties.