My recommendation is to choose cities in safe and economically diversified areas with above-average income and population growth.

Meaning at what point do you hire employees, quit other income streams etc… Is the money coming through cash flow from rental properties or buying and selling… I am 21 and just starting out and this of course is the plan for the next 5-10 years but I want to plan ahead. 

Just wondering what the average medium household income here is and if it's sustainable.

The 1031 exchange looks at the gross sales price, less closing costs (Realtor commissions, title & escrow fees, recording fees, etc.).

.- Interest income is just that- Expenses in the tax year are prescribed as above.

I am the builder and self employed, therefore no Additional DTI from my income because I’ve been self employed less than 2 years.

The best way to get around that is to fund a heftier down payment, wait for rates to decrease, or find a 2-4 unit that will allow higher rental income.

I am aware that lenders require 2 months paystubs for pre-approvals however, they have not been receiving any income for the past year due to being on sabbatical. 

I am thinking about purchasing a single family home or multifamily as an income producing property along with a place for my son to stay. 

This is in the east side of Buda in 78610Property price is around 340,000 and the monthly payment for 80% mortgage at 7.125% with property taxes (2.32%), HOA and Insurance comes out to around 2,600$Rental comps suggest around 2200$ gross monthly rent.