Second property was personal savings plus every penny that I made from the first rental income.

I tried for a second mortgage but couldn't qualify without paystubs and income. 

Hi All,How to add ADU to increase income.

If my STR property qualifies for the STR loophole then can my long term rental property deductions then be brought over to offset my active income like being a real estate professional? 

Great, only one state return or possibly none if you are in a state without an income tax.But if your properties are scattered across multiple states, there are more state filings and more work.I think if you want to get valuable feedback from people who respond to your post, you want to ask how much someone pays and potentially how many properties they have.Best of luck!

Or, am I gonna have to tough it out longer until I'm generating monthly income?

Income/cost analysis.  

See disclaimer about various headaches above.4) One day in the future, do the reverse to put them back together.The above structure would generally be income tax free given the distribution or contribution of property from a partnership is typically not a taxable event. 

For most of these markets, the rent-to-income ratio, a key affordability metric, is already above 30%.

Zeke, This is really dependent on how much $ you can qualify for, if you have the income history to be able to qualify, and what location you are looking to invest in.