I'd say if your goal is immediate passive income to replace your job, then do some research on markets, and hustle to get that cash flow no matter where it is.

Remember, even your regular 401k/IRA money when you eventually take money out, will cost you a decent chunk of change for income taxes (oh, and state and local too depending on where you live).

Although it will be a business debt we cannot hit you with it until you have filed it on your taxes 12 months later.

its a far greater % of your income.

Has there been any movement on reinstating 100% Bonus Deprecation for the 2023 tax year?

I have a strong credit score and expect I would be able to get approved for this mortgage.Monthly taxes = $155/month ($1,860 annually)Annual insurance = Estimated $166/month (~$2,000 annually)Annual HOA = $196/month ($2,352 annually)Maintenance = Estimated $250/month ($3,000 annually) (0.5% of property value given that this is a newer build.

They normally charge a larger percentage of income because STR are much more involved than LTRs.

I'd recommend researching areas to see that they have:- Low unemployment- High demand for housing - relatively low inventory- local job creation/booming local economy- high avg/median income- increasing population- low average days-on-market (DOM)- history of rent and property value increases YOY- low crime- highly-rated schools (or above average)I'd compare the target neighborhood to surrounding neighborhoods and/or nearest metro areas. 

I have been eyeing a property that is listed as a fairly new mobile home sitting on almost a full acre, checked out tax records etc and the land does belong to the seller.

Additionally, I am pursuing a career as a CRNA to increase my income (and I’m familiar with the job and enjoy medicine).