It would be the income after paying all expenses like mortgage utilities etc and property manager

Could we buy a property > $500k a year out of college with two streams of income?

Unless you plan on purchasing the property with all cash; obtaining any type of financing for a property as a married couple will mean that both of your incomes and financials will be factored into the financing with conventional lending.

Rental income finances everything in all of them including all the custom upgrades and upkeep done mostly by hired hands.

In the most recent court documents, he's claiming he doesn't have an AirBnB or short term rental income.

No Income.

just some things to think about.in addition to the BP family of podcasts, the rental income podcast with Dan Lane is a great podcast and he interviews a lot of medium size landlords who aren't flashy but really know what they're doing.

Sell the land and 1031 into something that produces income unless you have the wherewithal to refinance your 3 SFH and build to rent on the lots and then refi with appreciation.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Now the great thing is that you can also use the other units rents to help qualify if your coming short on income to qualify.