In the sense that trailers provide low-income people with the possibility to be self-sufficient and at least some asset ownership, I think he would favor them.

Startups can pull in loads of money without a solid plan for making a profit or sometimes any immediate income.

I even created my first LLC to start the fix and flip business, funding it with enough skin in the game, elsewhere hoping to use OPM rather than my own capital to fund these projects as it has been difficult finding a lender who is comfortable with loaning to me solely without an LLC.My goal has always been to match my W2 income and eventually double it and more so I can work as a hobby rather than relying on it to live.

Is he required to issue me a 1099 form for rental income for 2023 taxes?

Those that invest for income do so for two reasons.

No income this year, but did have expenses, so I want to capture the loss and carry it to 2021. 

If I don’t get good applicants ( credit/income) by day 7 on market= price drop. 

My long-term goal is to replace my income with passive income to not have rely on my day job.

I work full time in a welding shop to have proof of income, so I'd be able to get my fha loan.

Hi I'm new to this and looking to start my journey towards financial freedom, I'm looking into purchasing a multi family rental unit to start earning passive income.