We were considering making this our first rental and it would have cash flowed well but we decided to wholesale it and use the funds towards closing more deals in 2024.And that brings us to now.Currently, the plan for year two is this:Direct mail 5500+ motivated sellersGenerate 114+ incoming calls.Follow up on ALL existing leads monthly.Make 33 offers.Close 5 times.You mentioned adapting to my current situation and I believe I'm doing that.

More info on DSCR loans in case helpful: DSCR loans won't use your income to underwrite the loan.

We live in the first half so no rental income is generated.

If you keep the property you have a very steady stream of (maybe lower income) coming in. 

I am not a licensed real estate professional and I have a W2 job and paying my income taxes.

Hello everyone,I have not been able to find any relevant information regarding this topic, Is self-storage considered active or passive income from a tax perspective?

They would not offset rental debt with the income it produces when they look at debt to income. 

The city's strong rental market driven by a growing population, ensures a steady income stream and with affordability as well as a median home price below the national average, Cleveland stands out as an attractive option for those seeking a promising return.

Definitely learn about how to calculate expenses, mortgage payments, NOI, and the total net income of a deal to see a projection of how much passive income you can make on a property. 

The Owners do not want to use AirBnb, so I am trying to figure out which property management software and web design to use for direct booking/booking on VRBO for these 4 properties.