It is income driven so you may not qualify.  2.

And as a % of total income it’s historically high.

He found a home that he loves in Texas but can’t get approved for a VA loan because he only has his pension as income. 

The hope on this is to eventually use the income made off of the first rental to acquire another one, and so on. 

(You will need to declare the income you receive but can also write off any expenses and depreciation like normal.)What kind of tax benefits would we get as rental property owners.

Hopefully you will have a starting salary in the form of a W2 income versus a 1099 income.

They both are low income and have a hard time making ends meet (paying me).

With a duplex, you're building equity while getting some rental income.

Taxes $1200/yrNet Income: 2022 = $6,274 (before depreciation); Gross $51k; 62% occupancy2023 = $5,236 (before depreciation); Gross $45k; 57% occupancy2024 has seen so far, a decline in bookings.

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.