I have always had an interest in building a rental portfolio for supplemental retirement income.

Loans are not considered income.

Note: My mom also just bought an income property and she is having a similar problem...only she actually let them move in and now they are refusing to sign the lease for the amount they agreed on...

We are hoping to purchase a couple of rental properties to supplement our income as he officially retires (for the third time).

I've heard that there will be huge potential in coming years and wanted to see what you guys thought.  

Some extra info can help us guide you towards an option that may suit you best.Do you have a w2 income?

Do you own rental income properties yourself.

Remember when talking with your mortgage lender that the current lease(s) from tenants on the property can be put toward your dept to income ratio whether or not you have had landlord experience in the past.

In order to contribute, you would both need to have documented earned income compensation from the business.  

I am looking at two low income properties and just trying to thing of all the worst cases.