To minimize audit risk, it’s advisable to choose “Other interest” instead of “Mortgage interest” when reporting.Part 2: Forms 1099-INT from Investors to Private LendersForms 1099-INT Explained: Similar to the interest earned on savings accounts, Form 1099-INT outlines the interest that must be included in taxable income.

If you don’t want hire a PM m, however it will take a substantial part of income.

I make half your income at my 9-5, have BRRRR'd a few SFH, and all them were base hits. 

They focus more on the property's income potential rather than personal finances meaning no DTIs, less paperwork, and more underwriting flexibility.

This improvement suggests a growing buyer interest and possibly limited inventory, creating favorable conditions for quick turnovers.Toledo OH - RE Analysis (April 2024) - House Sales (1).pdfDemographics and Economic FactorsPopulation and Economic CharacteristicsPopulation Size: With a smaller population of 5,341, 43620 offers less competition in buying and selling, which is beneficial for flippers targeting niche market needs.Income Levels: The lower median household income ($27,442) suggests a demand for affordable, refurbished homes—ideal for flipping projects aimed at cost-sensitive buyers.Housing and Ownership TrendsRenter-Occupied Properties: A high percentage (68%) of renter-occupied properties indicates a transient population, potentially less targeted for flipping.

He said it is a bank foreclosure but I can't find anything online or any signs on the property.

I look forward to continuing working with you on helping you achieve your passive income goals (and hopefully surpassing them!). 

The numbers would be a lot more in your favor in terms of passive income building.

I am looking into purchasing low income homes and going the Section 8 route. 

In that case, you better be liquid, making income and even have a few months of reserves how many deals have you done and how long have you been doing them?