Anyway, you are allowed to pay yourself,  but that turns passive rental income into actively earned income, subject to self-employment taxes @Nicholas Radina

The east side is mostly industrial and low income housing.

And it will be ordinary income tax. 

I've previously found cost segregation studies to be highly beneficial, particularly as a strategy to offset taxable income from both my full-time employment and rental properties.

Regarding what we're looking for, cash flow is a must, as we want to match our W2s with rental income as quickly as possible. 

You pay no taxes on the transaction that created the original gain and no taxes on the gains your Opportunity Zone Fund earns in the ten years.

Idenitfy properties with enough deferred maintenance for a discount and not enough for Full scale renovation.With 10+ unit properties, you can utilize more DSCR loans and drive the value through the income approach to valuation. 

It's not for everyone, but I like the ability to ride someone else's coattails so that I can focus on my day job and earn more money to invest. 

In general, a refinance requires documents proving the income of the borrower such as paystubs and W2s, as well as an appraisal of the property. 

These deductions can significantly reduce your taxable income.