Passive income is something I've always wanted to work towards (even from a younger age) and I have always known that rental properties was the way to go.

His kids (my cousins) are college-age, and are still waiting to see what is in place in terms of estate.

I always ask the applicant if they have a Linkedin profile and ask if we can connect before hand.Just an extra verification...trust but verify.

I think the age we live in made it possible for the voices in our heads to reach thousands if not millions of people in an incredibly short period of time.

Straight from the Fannie Mae Selling Guide - Verifying Capital Gains IncomeDocument a two-year history of capital gains income by obtaining copies of the borrower’s signed federal income tax returns for the most recent two years, including IRS Form 1040, Schedule D.Develop an average income from the last two years (according to the Variable Income section of B3-3.1-01, General Income Information), and use the averaged amount as part of the borrower’s qualifying income as long as the borrower provides current evidence that he or she owns additional property or assets that can be sold if extra income is needed to make future mortgage loan payments.Note: Capital losses identified on IRS Form 1040, Schedule D, do not have to be considered when calculating income or liabilities, even if the losses are recurring.Due to the nature of this income, current receipt of the income is not required to comply with the Allowable Age of Credit Documents policy.

AJ Singh I received several messages both here and personally about my age and starting out investing in rentals.

Driving by the construction site several times a week had me wondering what some of the perks of a hotel would be in comparison to an apartment complex...Having experience with both, if you had the choice of a hotel or an apartment complex, assuming a similar number of units, building age, and neighborhood quality, which do you think you'd prefer?

In my education I've learned that the dominant rental age is usually in between 28-35.

See if you can find out their motivation for selling (other than the obvious - age and just want out).

I do require, however, that any adult over 18 years of age qualify independently unless a dependent of an applicant, so that would not work in their favor.