Vs rentals/ STRs can create passive income that will produce multiple streams of income.One thing that I would recommend doing until that boot camp is get out there and network.

My SOP is to contact the current landlord and employer, require proof of income for the past 3 months, and use Rent Spree for background, credit, eviction, etc.

Section 8 comes with benefits like reliable government-backed income, potential tax advantages, and lower vacancy rates.

It doesn't matter if not on your mortgage credit report, it shows on your income taxes. 

I tell them 1) water is expensive 2) sharing of one meter reduces the bill over individual meters 3) they agreed to it when they rented the unit and it is in the lease 4) if they do not like it they can move elsewhere at the end of the lease.  

If you refinance, you can always use a DSCR loan on the next purchase if you think the refinance will impact your Debt to Income ratio.

And it was up to you to make sure that they would take outstanding mortgage into account and reduce the amount in the box 1 by the mortgage balance at the time of the distribution.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

All this spending and lack of income for many counties is starting to shed its light now and people are going to have significant sticker shock.

In Colorado Springs, STR will certainly get you more income than a LTR but its often more time-consuming to manage as you have new people in your home every couple weeks.