However, life can get complicated, and if you find yourself needing more time to gather your documents and complete your tax return, there’s an option available: filing for an extension.Understanding the Extension ProcessTaxpayers who require extra time to file must submit a request for an extension by April 18.

I am the property manager and maintenance/repair guy (my primary job) and want to qualify for REPS starting in 2024. 

There are things that you can do as part of your lease requirements to lessen your liability or shift the coverage to the Tenant. 

Would you rather be left a retirement account with a $1million in it with required minimum distributions that are added on top of your regular income.

However, be careful in buying a cheaper property, as section 8 has very strict requirements regarding the condition of the home, and they do regular inspections to make sure you are keeping up with their requirements.

As far as your specific question goes, I don't think the banks will count the rental income on the house in FL towards your income requirements for the new mortgage because you are still living in it, but that's a question you'll need to ask your lender to be sure on.

Keep in mind, you are only required to live in that home for 12 months...but you may not be able to move your family every 12 months either. 

A wholesaler has a property that requires $30,000 cost of entry.

Some may charge extra for an S8 lease due to all the extra paperwork and chasing required with caseworkers. 

While some lenders can get creative with income and/or don't require personal income underwriting, DSCR lending programs technically only apply to SFR 1-4 units and small multifamily (usually to 10 units).