Most of my income is passive...plus I actually enjoy learning from and teaching others on this forum.

I manage over 100 STR and MTR properties (STR is not allowed currently for ADU's, but MTR is, and great way to maximize the income, unless you're using it for family or office purposes.)I recently constructed an ADU in the backyard of a property within the city from a detached garage.

I was able to increase my monthly income rate of $1800 to $2300.

What Ive come across lately, though, is a lot of new investors who want to get in the game, but don't have the discretionary income needed to properly manage negative cashflow.

Don’t let the tenant have a little Social security or part time job income…that makes these amounts even more!

The goal is to make sure you have high income, good credit score and enough assests and reserves to keep moving towards the next deal and dont max out on your first deal meaning do not max out your debt to income ratio as it can affect your borrowing power to acquire the next one.

They can provide insights into whether locking in a new rate now could be advantageous or if other financial strategies could make holding the property more viable.Additionally, consider the overall financial picture, including your ability to cover the mortgage without the rental income covering all expenses.

Also, can I use the deductions from real estate to reduce my active income and income from the stock market?  

To do so, you'll have several different types of tax consequences to consider: property, income, gift, etc.There are several considerations that can go into the analysis of whether you need an LLC or whether a large insurance policy will suffice.

I've been wondering if the college rentals have taken a hit since COVID as more universities have shifted to more online classes than ever before.