Hi All, I've worked for a non-profit my entire professional career (ie, my W2 income is not very high). 

There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.

That will allow you to buy another home as a primary and reap the benefits of the increased passive income & deductions.

Yes, you can absolutely purchase a property with a conventional loan and honor the existing tenant lease.In fact, many lenders view occupied properties favorably because it means there's a guaranteed rental income stream from day one.

@Whitney Lares I kept my first BRRRRs as LTRs, I know MTR and STR have higher income potential but my goal is time and income, LTRs provide me that and the management of these in STL are much lower monthly % so it works for me.

A property bought for $100k that has $10k of "Net Operating Income (NOI)" with ZERO Mortgage has a Cash Flow of $10k annually.The SAME Property, if purchased with a Mortgage that also has an annual payment of $10k means that the cash flow is ZERO for the exact same property.How can you say that Cash Flow is a characteristic of the Property?

This is a much better deal then on income, especially if you area self employed. 

Let's dive into the exciting world of waterfront condo investments and explore their potential for generating lucrative vacation rental income.

In these cities, your financial resources will go a long way enabling you to assemble a diverse multifamily portfolio and initiate a steady stream of income.

Then I’d hire a professional PM, pay 2/3rds the expenses and keep 2/3rds of the income.