While some states may have more business-friendly tax systems, others may not have any income tax at all.5.

don't keep a staff. there's a general contractor in our market that has 400 million annual revenue and 41 employees. 10 million per employee. do the math. that's columbus ohio. construction management is the key. get to know the subs, process, build clients, focus on what actually get's business not hiring when you are small. 

House hacking is one of the most popular strategies you can take and it can be a great way to build wealth and generate passive income, but it's important to have a long-term plan in place.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

I live in FL, so no state income tax.

However, more than 4 units will be appraised on income approach and these can be very profitable.Good luck

  $40 - $50k each would be a low annual average. 

Secondly, DSCR loans offer favorable terms and lower risks, as they assess the property's ability to generate sufficient income to cover debt obligations.

. - No state income tax. 3.

Real estate investing is normally done by the "white collar" professional because they have the incomes.