If you find that you aren't up for active real estate investing there are passive options to invest by partnering with an active experienced investor, investing in a syndication as a limited partner, etc. 

In your offer you can specify that you want access to bank records and tax returns to see and validate income/expenses.The challenge with whatever info you get, besides validating you aren't being conned, is what will your numbers be?

This is one of the best strategies and most creative for creating income from nothing (well not nothing, but from something that was not there before in its original form).

If I were in your shoes, I would do the following:- set 6 months worth of income aside in a HYSA to save it for a rainy day (this will help shield you if you lose your job, or if something goes horribly awry with your investment properties)- open a Bank on Yourself life insurance policy (this is a specific type of high dividend paying whole life insurance where you can borrow against the cash value in your policy at any time and the money will continue growing as if you never took out a loan.

I would also callout that my business partner wants the loan out of his name since it is impacting his Debt to income ratio for other things in his life. 

Here there is no such thing as a "Debt to Income" ratio...because your income doesn't matter. 

Upon renewal, I would be willing to drop Person A and only have Person B on the lease (assuming Person B meets your income requirements).If Person C wants to move in, that person would need to go through your standard background check and both tenants would need to approve that person moving in. 

In the sense that trailers provide low-income people with the possibility to be self-sufficient and at least some asset ownership, I think he would favor them.

Those that invest for income do so for two reasons.

Hello, I was reading the book and was wondering if you can share the link to download the flow chart income/expense.