., notes subject to certain banking regulations).Again, consult an attorney.

What is the best practice to keep everything aligned and organized in terms of income generated from the property.

The only requirement in the code and regulations is that you have the intent to hold the properties for rental, investment or business use (as opposed to flipping or holding for sale). 

@Austen Mueller I've been working on my credit and i am in the high 600's and i feel pretty good about it, i will start practicing analyzing deals.

I realize that on the surface the most practical solution is sticking out my W2, but I'm finding it has been very limiting in terms of the dulling mindset I'm surrounded by (yet I can't listen to podcasts, read, take phone calls, etc), the pay is only average, and love learning new things and have been with this company for a collective 13 years since shortly after college.

Practice analyzing deals now so that you'll know what a deal looks like when you can buy your first property.

The properties we target had a YOY increase in rent of 14.3% and appreciated 18% (May 2021).Low Operating Cost - In a location where operating costs are low and regulations favor investors.When I first moved to Las Vegas (about 16 years ago), I did a lot of research concerning tenant pools.

We are hoping to find suggestions for where to look for tapes of non-performing notes with the goal of practicing due diligence, researching, and making offers.

Is this common practice?

We plan to offer some of the units up for STR and are digging into the regulations a bit more to ensure that won't be an issue.