Consider buying an investment property in a less competitive area that will generate income, instead of a personal residence. 

Selling information on how to do real estate  ( this can be number one income generator)7.

Don't be surprised if they ask you for your personal financial information (credit report, employment verification, recent paystubs and bank statements).

This market has effectively collapsed over the previous 12 to 18 months... price for fixerupper properties have dropped to lows not seen in a generation"I still have the property associated with that appraisal.

I work in Healthcare and my goal is to learn as much as I can about real estate investments and eventually generate enough passive income from real estate to quit my day job.

: The how-to book of syndicated investment real estateMulti-Family Millions: How Anyone Can Reposition Apartments for Big ProfitsThe Complete Guide to Buying and Selling Apartment BuildingsInvestment Real Estate Finance and Asset ManagementRaising Private Capital: Building Your Real Estate Empire Using Other People's MoneyThe Definitive Guide To Apartment Marketing: How To Generate More Leads, Close More Leases & Improve Resident ExperienceWho: The Method for HiringTaxesTax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your TaxesThe Book on Tax Strategies for the Savvy Real Estate Investor: Powerful techniques anyone can use to deduct more, invest smarter, and pay far less to the IRS!

Can I ask how much cash flow you expect to generate on the property?

I’m considering writing, either jointly or solely, an eBook to help generate leads for RE clients — I’m a licensed CA broker. 

If done properly, short-term rentals can offset directly against ordinary (W2, active) income without the real estate professional status.Losses generated by increasing depreciation with a cost segregation study, can be used to offset active business income without qualifying as a real estate professional.

Here’s a thought… I am thinking about departing my W2 and setting up a separate self employed real estate business and a self directed ira.