Looking forward to the passive income but also to the tax benefits

Remember you have to pay income taxes on your profit, figure 20% for that....

For me, it was my way of easing into the rental business and also a way for them to start living on their own.So I get less income than I could AND I lose tax breaks?  

Ty Rick, I figured this is what most that rely on RE as a core income & have a team to care for are doing to keep the machine running.

You can always start off by house hacking meaning you live in one UNIT or ROOM and renting out the other vacant units/rooms to offset your monthly mortgage payment.There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.

I have one of my guys walking a duplex today, All in should be 75k, rents will be 900/900 so about 14k- 15k NET income so 20% ish.

Short of that, the deal seems to be solid once you're able to bring in current market rental income to each unit.

I have no other income than from my 3 STR's. 

I pre-qualify them over the phone, with questions such as:The minimum gross income to qualify is $_______.

3) SM Property Value Appreciation Trends4) SM Pop Growth5) Safety compared to the rest of Dallas6) Income - median and avg7) Rent Cost - median and avg8) Rent Growth Trends9) What percentage of population under poverty line10) What percentage of pop are families 11) What percentage of population are families w kids12) Avg people in a household12) historical vacancy rate13) avg bed/bathroom composition14) Profession by percentage 15) Commuter population by percentage and commute timeThanks y'all!