- Previous year I used a Accountant, he suggested to hold on to expenses and just do Rental Income minus depreciation = + Income ( added to my whole w2 income)- this year I’m doing it my self through, and its ignoring the negative passive income at all, if i input all expenses etcPlease suggest how should i handle it?

You're taking on debt and negative cash flow right at the beginning of a recession?

Sometimes negative equity.

I only buy small multi-family and at this point my issue is getting the financing for the next property.

At the 50% rule it is almost certainly cash flow negative at purchase.This purchase will rely on appreciation for any return. 

A scenario such as this.Make no mistake, virtually everyone will be negatively impacted by this pandemic. 

With a little bit of sacrifice, a little hard work, a little thinking outside of the box, and a few hours of cleaning per week, we were able to live exactly where we needed to live to do ministry with our church.What is more, we were able to save money, and because we were renting (and giving money to the rent fairies), we were able to put aside money into savings and purchase rental properties in another market.Here were the numbers:$92,400 / TWO YEAR PROJECTED RENT COST AT $3,850 A MONTH$48,000 / PROJECTED AIRBNB RENTALS OF THE BASEMENT (BASED ON A CONSERVATIVE $2,000 A MONTH NET PROFIT)——————-$44,400 / TOTAL PROJECTED ACTUAL RENT COST——————-$1,850 / PROJECTED CONSERVATIVE ACTUAL MONTHLY RENT TO LIVE WHERE WANTED TO LIVEGAINING EQUITY THROUGH THE PRINCIPLE OF LEVERAGE:That wasn’t enough, however, because at this point, I was still at a net-negative of $44,400.

Are there any negatives to doing this other than the cost of the refinance?

Running these numbers in the rental calc i would be around negative $800 in cashflow the day i move in.

Kenny with regards to making sure that the tenants aren’t going to be negatively impacted by a recession or other economic hardship out of their control.