Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

While I am not an accountant, and you should speak to yours about this, there is a loophole in the tax code called the STR Loophole which allows your STR (provided you are not using a PM) to be counted as active income/active expense so that the costs, payments, depreciation etc. goes against your active W-2 income.

Did you have the rental income coming during the first year you owned or it was vacant? 

My recommendation is to choose cities in safe and economically diversified areas with above-average income and population growth.

Now, I know you were asking about rental income...and that you can find in the comps too. 

Seller financing is a great way for the seller to avoid a lump sum capital gains tax, and still make steady/expected income on a property even after they sell it. 

If you want the income lending/lending funds would probably be a great option, but there is rarely any equity appreciation.

This means your monthly rental income should be at least 1% of the property's purchase price.

Yes can definitely get 100% financing of the construction no income no doc . 50% of the land cashout to cover closing costs 

I wanted to obtain a rental to gain passive income.