I am lucky that my wife and I do well, with an average income of $500-600k.

There is no way you are going to make a 6 figure income (let alone a 7 figure income) working only 10 hours a week from anywhere in the world.4.

If the tenants are ultimately paying the late fees are just bonus income for you.

I think (emphasis on think) I have found a deal for me but here is my situation: I am a recent college grad with no 2 year income (just yet) and I came across this property inHamilton, NJ, in which i need between 100k - 144k after all costs (rehab, closing, 20% down payment) I do not have this money as a 22 year old, so I naturally wanted to get an FHA loan but the problem is, its a quadplex that has all units occupied, so i cant really live here because there would be no space, unless there is a way around this.

If you have incoming leads or a database of expired listings, preforclosure, etc. you register a new phone number with your EIN (we help with this) and then plug your social media, email, into the AI.

Passive income was one of the biggest reasons for my second acquisition, I am trying to build a nest egg for my future self.

Yes, we all receive annual K-1s. 

For example, if your goal is to have steady income coming in, you could also explore the idea of simply renting out the single family home while you move into one of the units in your 2-family property (if you can). 

Passive income was one of the biggest reasons for my second acquisition, I am trying to build a nest egg for my future self.

Could be a nice AirBNB studio with income potential up to $1500/mo by itself.