Don’t you want/need the SSN for a decent background check and income verification?

HI John, You can always start off by house hacking meaning you live in one UNIT or ROOM and renting out the other vacant units/rooms to offset your monthly mortgage payment.There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.

My plan was to gradually raise rents to market rate over a two-year period, which would generate a cash flow of $200 in two years with a 7 percent interest rate.The seller is firm on the purchase price and has cash offers as backups if our agreement falls through, but we are currently under contract.Pls let me any additional info needed, as this is my first post. 

The thing I forgot to mention is that I'm living on a small fixed income.

Make sure you are saving at least 10% of your income to purchase.

Planning, such as selling in a year with lower overall income or using a 1031 exchange, can help minimize this tax.

Real estate is a long term game (overall) and sometimes investing in yourself and your active income can yield a higher rate of return, in which can also excel you investing.

No income no doc .

I can probably do 3 to 4 flips a year and replace my W2 income and cover Health insurance.Yes I know, I'm not looking for advice on the podcast, but others are and the advice in this one episode was shocking and scary. 

He had a female CPA on who talked about the benefits of an STR Loophole for those of us who have W2 income as a way to take deductions that are normally not permissable when the tax payer makes a certain amount of income.