What income do you show on your IRS returns as net number?

If you can subsidize it with your W2 income for that long, it might be worth it for you.

From what I understand so far, the asset matters more than the borrower's income BUT many lenders have a "net-worth" requirement.

Going full-time into real estate, especially with a family, is a big step, but starting small with smaller investments and side hustles while keeping your steady income is a smart way to go.

While the potential rental income of 4K is noteworthy, it's essential to consider various factors.The local real estate market conditions, property management costs, and potential maintenance expenses should be factored in.Additionally, evaluating investment alternatives like the stock market is prudent.Renting out a property can offer long-term benefits, but careful financial analysis is crucial to determine if it aligns with your overall investment strategy and goals.

Income, and solid foundation for future investments Lessons learned?

All corporations and limited liability companies doing business in Pennsylvania are required to pay corporate net income tax."

If it's DTI and they are giving you a hassle on using rental income from the departing residence - you can usually work around this by ordering an appraisal on that property or showing a lease agreement dated after your departure.

Both my husband and I are W-2 employed with a combined income of $185KWe are not planning to flip the home.

You are paying 8% interest on all that money that is not being invested which means you are paying 8% with no income on it coming in the door.