Having rental income cover my living expenses.

I found a partner with a high income/net worth that didn't have the time to do management or find deals.

All in, we'll be into it for about $300k but it's a bit 2,000 sq ft addition/ADU and we expect to get $4,000 - $5,000/mo gross rents.

Could you hustle and work some overtime or get a side hustle to earn more income to get the full 20%?

We also had an eviction and lost around $15k in rental income in 2023.

These violations are to fix porch, roof, and masonry work. bids that have received are totaling up to $150k.I'm looking to see what options are recommended to finance that additional rehab work needed to clear violations. 

These are the benefits I see: Mixed useRetail space(s) brings in a long lease and stable income.

You would then hold the loan on a 90-95% LTV product at 5% (Which is taxed at ordinary income).

Additionally, cash flow can easily disappear if you need to repair a roof or HVAC system.

Hello, I am working on my financial independence plan - my goal is to generate a passive income of $10k a month.