Also I figure that if I account for the difference in the cost between losing a little here and there because I can’t keep as close of an eye on things and have to rely on the “honesty and integrity” of contractors I’ve never met then I figure it’s just best to spend a little more to invest at home than in some out of state market.

What is your exit strategy... pay me in cash based on rents or other income?  

Hi all,I am on a H1b visa W2 income.

I am open to many different ideas and opportunities, ultimately I just want a peaceful getaway in the Offseason but a place where for the other ten months of the year could be income generating.

As your income grows, consider expanding your portfolio further to include other asset classes or real estate markets.Maximize Retirement Accounts: If you haven't already, consider contributing to retirement accounts like a 401(k) or IRA.

What is the income requirements for a cash-out refinance on a property?

...I wouldn't.To make matters worse, the property isn't appreciating (because it's in a low appreciation market, or even a depreciating market), and the tenant pool is primarily made up of people with bad credit, low/no income, and a history of property damage at the previous places they've rented.

Since we cannot earn active income but can build an LLC, you must have people work for your airbnb (ie. property manager) for it to be considered as passive income; that you are just the owner and investor.

This way, you can maintain your privacy while still benefiting from rental income.

If so, does the rental income give you any extra cash flow, or at least cover the large majority of the mortgage/expenses?