Hi All, I've worked for a non-profit my entire professional career (ie, my W2 income is not very high). 

There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.

Yes, you can absolutely purchase a property with a conventional loan and honor the existing tenant lease.In fact, many lenders view occupied properties favorably because it means there's a guaranteed rental income stream from day one.

That will allow you to buy another home as a primary and reap the benefits of the increased passive income & deductions.

@Whitney Lares I kept my first BRRRRs as LTRs, I know MTR and STR have higher income potential but my goal is time and income, LTRs provide me that and the management of these in STL are much lower monthly % so it works for me.

Here's a simplified and effective approach: Gather Information: Obtain details about the property, including its purchase price, estimated rental income, expenses (such as property taxes, insurance, maintenance costs, and property management fees), vacancy rate, and any financing terms (e.g., interest rate, down payment, loan term).Calculate Gross Rental Income: Determine the total potential rental income the property could generate annually.

Let's dive into the exciting world of waterfront condo investments and explore their potential for generating lucrative vacation rental income.

This is a much better deal then on income, especially if you area self employed. 

In these cities, your financial resources will go a long way enabling you to assemble a diverse multifamily portfolio and initiate a steady stream of income.

I am active in West Michigan, and have heard that people can have good success going after earned lists in ATL.