All investors should consider private money lending as an additional income stream if due diligence is done correctly and the project is a good fit.

Here is my ambassador link if you would like someone to walk you through it: Sign up to host on Airbnb and use the extra income to fund your passions.

So, the profits (generically, sales price minus cost basis or prucahse price) are taxed as ordinary income also subject to self employment tax.Sale of an investment property, i.e. one that was rented, is considered capital gains.It is your intent of the property that signifies which taxation applies. 

GAAP accounting, reporting to the Federal Government every month, and a business mind says: take the loss this quarter while we have income to offset.Account Closed foreclosure where borrower doesn't file BK or lie and change the title or other postponement ....s costs about $55000 today as digital processes and video hearings save time and money.There are better tools today.

We market the home, handle the showings, application, credit and background checks, verify income etc and then submit to the owner for approval.  

There should definitely be options for you using DSCR which many lenders will count your STR income either based on projection or your rent roll.Also, check local banks instead of brokers.  

Our long term goals are financial freedom, including matching my current salary with rental income in the next 4 years. 

Most buyers could never afford my services, particularly low-income buyers.

Unfortunately this is a low income working class area. 

This can lead to higher occupancy rates and rental income potential.STR Potential: The short-term rental market in South Florida is thriving, and Hollywood is well-positioned to attract vacationers and business travelers.