I think a guaranteed 7 or 8 % interest rate on a home loan is gonna generate more income than most other less riskier investments.  

Most investors walk a building, identify windows and other benchmarks and rely on these elements in coming to their own conclusion on unit layouts and unit count.

Look into setting an S-corp to potentially reduce self-employment taxes and Section 199A qualified business income deduction

@Brandon Morgan not sure how far your income & savings will go in Florida.You might want to consider the Midwest.We can answer any questions you have about Metro Detroit!

By adopting a prudent approach and regularly monitoring market conditions, you can make informed decisions to maximize the long-term income potential of your rental property portfolio.

Hi @Megan Fitzgerald I would be sure to do your research online and it may be worth checking with a local real estate attorney as well or another local attorney who may be familiar with the your areas laws/regulations.

@Grant Gibson there's a great book called Passive Income In Commercial Real Estate by James Kandasamy. 

Guys I read a couple great posts here about HELOC for self employed businesses were there are many write offs to show an income on a tax return.  

The first lends itself to smaller properties and potentially higher turnover, whereas 3 could appeal to a larger group of people that may be there for a longer time period. 2)what’s the typical income of someone that rents in the area?

These include reporting rental income, allocating expenses between personal and rental use, and navigating new limits on mortgage interest and property tax deductions under the Tax Cuts and Jobs Act of 2017.In places like Hawaii, STRs are subject to additional taxes, emphasizing the importance of understanding the local tax landscape.