Section 8 comes with benefits like reliable government-backed income, potential tax advantages, and lower vacancy rates.

All this spending and lack of income for many counties is starting to shed its light now and people are going to have significant sticker shock.

That's more than half a year of income, plus you are probably paying management fees.

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.

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.

In Colorado Springs, STR will certainly get you more income than a LTR but its often more time-consuming to manage as you have new people in your home every couple weeks.

I picked up a 7 unit, all in 150k, with about 30k YES 30K net income on about 53k gross.

I prefer multi family because they offer multiple income streams, usually higher rent per square foot compared to single-family homes, and are more likely to appreciate over time due to inflation and rent increases.I would recommend Columbus, Ohio.

I thought it would be as simple as adding up all of my losses  from Schedule 1 - Additional income and adjustments to income line 5 over the past few years. 

What do you show for income on your IRS returns?