Having rental income cover my living expenses.

Unfortunately, we have several homeowner clients who bought with grand ideas of making lots of monthly income right away, who took the advice of a realtor wanting to make a quick commission. 

Our screening is all completed online, and our reports are electronic. 

Household income $275k/yr-TSP #1: $205,000.   

You would then hold the loan on a 90-95% LTV product at 5% (Which is taxed at ordinary income).

These are the benefits I see: Mixed useRetail space(s) brings in a long lease and stable income.

We also had an eviction and lost around $15k in rental income in 2023.

Doesn't let them even do debt investing for the cash income for their retirement.But, still it depends if they need the cash. 

To successfully invest in a property for steady income, establish your investment standards, research the market thoroughly, assess your financial preparedness, connect with local agents, property managers, lenders, and other investors, analyze properties carefully, consider various financing choices, do your homework before making an offer, and negotiate and finalize the deal.

Hello, I am working on my financial independence plan - my goal is to generate a passive income of $10k a month.