Lots of risk that you can't control and it is taxed as Ordinary Income plus the IRS will see you as self employed so you will pay all of the Social Security tax and perhaps a 2.5% extra tax if you make over $250k. 

How can I increase income from this property? 

I've heard you can designate a family member as an employee and avoid taxes if you keep their income under a certain limit.

Your incomes will be combined when you qualify for the loan, and both your names will be on the deed as “tenants in common.”

You'll pay ordinary income tax.  

Are you talking about what would be deemed as income to determine if benefits are taxable?

If you are looking to buy as an investment property, perhaps it's not a bad idea.If you are looking to buy a new primary with low down payment, in order to circumvent the DTI issue, you need to provide your lender with a lease and two months' rent for your departing residence at closing, so that the debt-to-income ratio is not an issue with your first home being counted against you when buying your second primary residence home. 

These letter grades are assigned to properties after considering a combination of factors such as age of the property, location of the property, tenant income levels, growth prospects, appreciation, amenities, and rental income.

Hey @Julia France, You maybe do NOT want to use bonus depreciation if the losses created are excessive passive losses and you don't have a lot of passive income.

Analyze properties based on rental income and expenses.