Let's consider the Seattle Metropolitan area; an SFH (Single Family Home) would cost around $1M, and the taxable income is $500k.My questions are as follows:1.

Is it possible to replace your income?

Some just make perpetual threatening phone calls.Some start court actions, so they get a money judgment which they can use to at least garnish state income taxes (you can't garnish federal returns).Property owners need to start asking PMCs HOW they will execute their services, so owner expectations can be better met:)

Then, think about how you would reallocate those hours towards revenue generating tasks for your REI business.

The income historically improves quickly so the cash flow improves quickly.

I sell insurance and am commission based so I would like some sort of passive income.

Since I was a medical student, I've always been passionate about making smart investments for my future, and real estate has piqued my interest for its potential to generate passive income and build long-term wealth.

To assume an FHA mortgage you have to be approved as to credit score and debt to income ratio.

You still have to do the work which it sounds like you have done and are willing to do but it’s about leveraging the knowledge of others and using all your resources to the fullest that creates true generational wealth as apposed to a little cashflow.I have spent over $300k on mentors, training, personal and professional development. 

This family is currently searching for a home, and our agent, who also represents them, has generously offered to waive any commission for connecting us.After outlining our standard tenant qualifications—which encompass application requirements, income verification, rental history, credit score, background checks, a non-smoker policy, occupancy guidelines, pet policy, application fees, and move-in costs—our agent indicated that the extensive discussions and adherence to these requirements "equals a full commission of one month's rent."