Still, the best card for you will depend on the creditworthiness of the personal guarantor (which I assume is you) including your credit score, recent credit inquiries on your credit, debt-to-income ratio, and the age of your business, and a host of other benefactors.

As far as financing goes - make sure you use a loan officer and loan type that supports your type of future rental income.

Could be a nice AirBNB studio with income potential up to $1500/mo by itself.

Passive income was one of the biggest reasons for my second acquisition, I am trying to build a nest egg for my future self.

Good Morning  BP,Rental Investors,There has been a lot of talk going around that rental interest is going to skyrocket due to multiple factors including high interest rates, the income relief program ending, and many foreclosures.Have you seen any changes in your properties?

The equity and profit would all be split based on money put into the deal, so I would have 20% equity and would be entitled to 20% off the net profit.Here is my issue: both of them are pretty set on holding the property free and clear (10+ years) because their primary goal is solid cash flow and secondary income to their businesses which can be seasonal.

Peter,That does not sound accurate based on having a Schedule E and being able to take those deductions as well as other standards.As an investor it’s not a bad thing to show more gross income which usually allows you to buy more properties with more income and a lower DTI.

I would need to probably include farm profits in my calculations because the hope would be to eventually farm full time, but also supplement current income till I can move to farming full time. 

Here are a few common paths to getting started:Personal Savings: Some investors start by saving money from their jobs or other sources of income.

Full details on the project are available including project description & costs, 3-year income/expense spreadsheet & photos.