Ty Rick, I figured this is what most that rely on RE as a core income & have a team to care for are doing to keep the machine running.

It depends on Johnny's tax rate, and how much employment income he already has. 

Hello Storage Facility Owners and Operators,I'm reviewing the financials for some properties and seeking your collective wisdom on the operational benchmarks for running these facilities efficiently.We understand that, on average, total expenses for a well-run facility should equate to about 35% of the Gross Income.

Furthermore, I'll happily introduce you to STR management companies in Atlanta if you're interested, but as we all know, this will cut your monthly income. 

In case of foreclosure a Judicial foreclosure is required. 12 months seasoning is required for seller to get 75% credit for note income.

I’m thinking my split on a 20% fee of owner’s STR rental income would be 75% + a finder’s fee for new clients of $1000 or 1% of first year’s 20% rental fee (whichever is greater) + 90% of the $1500 listing setup fee which covers all the work of creating the listing, coordinating the photography, on-boarding to channel management and dynamic pricing software + referral fees on rental properties that go to list.

@Schuyler Covert Focus on establishing your job, income history, credit, and savings account.

How does a rental income of 1% of the purchase price equate to the property being a good investment? 

Can you qualify for a mortgage with income, assets, credit, and a property that can be financed?

., Income minus expenses equals bottom line per building, unit, property.Then you will set them up again, but this time in the Customer Center as a Customer.