Even at 30% occupancy.Did not count monthly income.  

Or, like me, lease to people who are risk/loss averse, with credit to protect, incomes garnishable etc.. 

Also if you live in a state there are no state income taxes.

You're sitting on some dead equity and have a great 9-5 income for our area.

Disagree that you need capital to start out as an agent.Yes, you need income to survive off somehow, but if you are in the trades and can take on some "side jobs" for a year or so to make extra money while you're learning the ropes of being an agent that is great.

Income from business activity in an otherwise tax-exempt entity such as 401k will be subject to Unrelated Business Income Tax (or UBIT).

You could just go for a DSCR loan program that doesn't look at DTI or personal income.

@Sahil RohraYou're on the right track, however the actual numbers depend on your total income. 25% is not the fixed rate of depreciation recapture, but the maximum/ceiling rate.

Our income is modest as my wife works part time, let's say around $120k/yr, not a lot of disposable income but we're comfortable.

They don't require income verification (tax returns, paystubs, etc.), but are based instead on the cashflow of the investment.