We do not draw any income from the partnership outside of property management - 8% monthly per unit and one month rent for tenant placement.

By strategically acquiring and managing properties, I aim to create a portfolio that generates consistent income streams, allowing for long-term financial security and freedom.

But if an when the cycle recovers, the valuation will be quite different in the end.The total return also includes income and this varies depending on the deal.

(To increase income numbers).

Typical rates are 8-12% of income either monthly or yearly depending on manager.

By rich I mean they completed an application, paid the screening fee and we show that their income is sufficient to cover all of their own expenses plus pay for rent and any damages at the unit we are renting their child.

I want to clean it up, get good renters in there and improve the look and value of my neighborhood and have it as part of my retirement portfolio.  

If you have equity, income and good credit, any lender will do this.

There is a means test for income and equity.

I understand that passive losses cannot reduce your taxable income and must be rolled over to be subtracted from future passive income, UNLESS you meet the special allowance that says you may deduct up to $25k in passive losses from taxable income if your modified AGI is less than $100k that year.