I rent to higher income earner tenants who in Socal often have dogs and want a place that's nice, with a yard and allows pets.

Like-Kind Real Property  The following list of real property asset classes represents interests in real property that usually qualify as like-kind property for 1031 Like-Kind Exchange purposes: Single Family Residential Property Multi-Family Property (Apartments) Commercial Office Properties Retail Shopping Properties Industrial Warehouse Properties Triple Net Lease (Net Lease or NNN) Investment PropertiesAgricultural (Farm) Properties Vacant Undeveloped Land Oil & Gas InterestsMineral RightsWater RightsAir Rights Easements in perpetuityLeases with a remaining life, including options, of 30 years or more Tenant-In-Common "TIC" Investment Property InterestsDelaware Statutory Trusts "DSTs" Investment Property Interests Vacation rental properties (income producing)

The cashflow would then be supplemental retirement income for them.

Some lenders will adjust the depreciation back out of your income to show higher income to qualify.

There are a lot of full-blown property management software systems out there with accounting modals (Builduim, Doorloop, Rentred, to name a few) but they do a lot of other things besides accounting, bookkeeping, and taxes so not the same thing as QBO.QBO has a few cheaper competitors Stessa & Digb.com that are specifically set up out of the box for real estate investors (e.g. income/expenses categories are things you'd recognize like repairs, appraisal, etc.) and there is no need to set up a separate class for each of your properties since the portfolio already includes these.

Background:First-time home buyerUp to $100k for downpaymentOpen to explore different parts of the city or even other statesOpen to leverage FHA or DPAWilling to settle for breakevenReady to close ASAPChallenge:Finding a property that can fully cover the mortgage through house-hacking and breakeven or potentially cash flow in Vegas, or other no-income-tax states.Request for Advice:Scenario 1 - Stay in Vegas and find a property that is viable to house hackHow are people house-hacking in this market?

Sale date is Feb 6Bottom line: 50k investment for $1,000 month rental income.

Your personal income can be of no consequence on an investment property. 

On Airbnb you click different dates and you will see how high the occupancy is, how much the total gross amount is, minus management, minus tax, utilities and airbnb fees and you will see if the amount netting is about what you expect. 

(Just under 10M in gross rents last year not including cleaning)I did a dive into my lead source and it was split into 4 roughly equal sources: social media, realtor referrals, Seo, owner growth/referrals.