Find a way to pick up some extra income to get your emergency fund back to that $30k. 

I know that most people who OWN a property and put it on airbnb claim the income on Schedule E ("passive income"), which avoids having to pay the 15.3% self-employment tax.I'm wondering if those who are practicing rental arbitrage by renting the place that they list on airbnb also claim the income on Schedule E, or if you claim it on Schedule C bc you don't own the place that you're listing on airbnb.Whether you own or rent the property that you list on Airbnb, the activities are the same: acquiring the property, furnishing it, activating utilities, listing it on Airbnb, hiring cleaning services, etc, etc.

(A 3 family would be 4 units counting the exterior, so use $24,000 as a base number to negotiate with.)There;s also a database online you can check to see if the unit has ever been inspected.Good Luck!

Is it possible to increase your income with your current full time job to get the down payment yourself quicker? 

I would really enjoy learning from others investing in this region and hearing your experiences with Prop Mgrs, Contractors and Rental income. 

If you are looking to invest so it can help offset some of your mortgage or other housing costs you can always buy a nice home and add an ADU to help generate income.

Resources such as books, online courses, and real estate seminars can provide valuable insights.Step 2: Define Your Investment GoalsIdentify what you hope to achieve through real estate investing.

If you are renting for $1200 a month and can't then you have lost that income for the year, so you are really at $1100 a month. 

It's section 8 approved and is currently bringing in about $14,000/month in rental income.

Do you want to generate passive income or are you okay with negative cash flow?