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!

In the meantime, I have adjusted your account to Pro Annual status with a complimentary entitlement.

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. 

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. 

He said he is willing to get creative with the structure.Asking Price is $1.5M, current gross income is $80k which he claims he could "easily" get it to $100k, but he likes sticking with his long term tenants.

We drafted, signed and notarized an "agreement related to ownership of real property" Stating ownership shares, and income splits.