I just want the extra monthly income and in 20 years be able to see how much equity I acquired and continue to invest as time goes.

I set up my entities mid 2023 -a holding company in WY and an operating LLC in NJ and have only had start up expenses so far and no income.

Furthermore, you need at least 14 days of rental income in each of those two tax reporting years. 

I lived in the attic instead of using the “livable” space so I could use rental income to pay for the mortgage.

. # things to look at when applying for a mortgage are credit, assets and income.

He originally told me that he wanted $5k in passive income of just interest only.

It won’t affect your debt-to-income ratio and won’t affect credit score/history.

I'd speak with a lender about this, but they can probably use your rental income towards the next property or at least use it to help with your DTI ratio.

Had my eyes set on a NH for a little while now and wanted to see if anyone had any advice/insight on claiming a 2nd home / STR property in NH as your primary residence in order to take advantage of NH not having state income tax.

Because I have reduced my expenses to less than 500 a month, and enjoy a more frugal lifestyle as it is, I am content pooling all available income to real estate, in order to accelerate this process.