For example, at a glance, the cost of $355k with a rent income of only $2,200/month is most likely going to cashflow negatively for you (assuming you are putting a downpayment of 20% or less).

My goal is to build up enough passive income through rentals to leave my hourly job in the next 5-10 years.

Maybe I am misunderstanding the question, but I would talk to your lender and see how much of your mortgage you are able to offset with your rental income to position you for another loan. 

I lost a chunk of income, such that I could no longer service the loans. 

If you are looking to quit your day job or retire on the income of 1-2 properties, you will fail.

Hi All,Looking to network with landlords in Cedar Rapids/Iowa City that may want to sell off some income properties in the future. 

Throughout my ownership I’ve always thought that the best play is to pay off the property and then have the cash flow as income after doing so, to date I’ve never really been cash flow positive but always paying the maximum I can on the mortgage while having the rent cover all of those expenses. 

To figure this out Look at your income-to-debt ratio and do simple math.

While exploring ways to generate passive income through real estate, particularly in multi-family investing, I’m seeking mentorship opportunities as I currently lack the upfront capital for property investment.

My agents are all licensed and some of them increase their annual income by 50% or more by dabbling in sales.