It produced in the low $40s last year. 

With that being said, would investing in a rental property to produce passive cash flow hurt my chances of being approved for a primary residence by already having a loan? 

If you buy a small 2-4 income producing property you will be able to hold through the tough times because you have income.

Per the lease, you cannot produce noises that will disturb the right or comfort of other tenants and/or neighbors.

You may also check out Sherpa which produces credit bureau level data.

I look at what your capitol, equity, or cash can produce for you on a regular basis in a market like KC.

In other words, each property you buy should make it easier to qualify for the next one.I suspect you are talking to a lender that typically handles loans for owner-occupants and does not know how to handle income-producing properties.  

@Frank Rizzo, I'm guessing that you've already regularly borrowed against your primary to get sufficient finance for those extra properties, and for your value-adding (but non-income producing) projects, am I right?  

I understand that house hacking in your first duplex generally won't produce nearly as much cash flow as house hacking in a fourplex.

If the investment produces $420 in profit, are you splitting it and drawing it out or are you putting it right into a shared fund to build a reserve or save for the next investment?