My goal is to create some passive income so that i can better prepare for the future. 

I am researching the regulations to owning a STR in Brown County Indiana but the info. is nowhere to be found on the web.

There are no credit or income qualifying criteria for transactional funding.

we doubled the amount of bookings and income year oneLessons learned?

We have a good relationship with our bank as they gave us the two mortgages, but we don’t have the income to support a third loan.

We live in Los Angeles, both are self employed 1099 independent contractors, combined annual income roughly 250k pre-tax.

If so I’m thinking she could make some sizable donations which would lower her taxable income to below 47000$.

To get $10000 per month in cash flow, I’ll make some assumptionsMultiply $10k by 1.25 DSCR to get your monthly net income= $12,500Multiply times 12 to get annual net cash flow = $150k NOIFor information’s sake, assume 50% expense ratio, so multiply $150k x 2 to get an EGI of $300kAssume a Class B in those Texas metros, assume a 5.5% cap, so divide you NOI/Cap Rate to get a value of $2.7MAssume $100k per unit, so you’re looking at around a 27-30 unit property.

And we all know that almost all home buyers start looking on the web these days.P.S.

@Brian Szykowny, Your workload relative to income should decrease along with some other scaling.