I read that Texans voted for a bill that would significantly reduce property taxes.When does this go into affect?

I'd ask for the rent roll, or income statements.

A DTI (Debt-to-Income) ratio of 50% or lower, when including all expenses you pay/month, would be safe IMHO.

My long-term goal is to replace my income with passive income to not have rely on my day job.

The criteria is there for a reason, to ensure a successful tenancy and reduce your risk.2.

She declares bankruptcy/pays off those cards with the cashed from the sale and moves forward investing as a business entity.additionally, her personal residence is income producing as well since she rents out two rooms on Airbnb and runs her cleaning business out of an office there. my questions are1.

I'm not finding much unrenovated even that is even near 4% cap (net income divided by acquisition price).

I do understand I went from the top tier tenant that will pay the most for the perfect setup down to the unit that can be paid for with section 8 and will attract a lessor tenant or someone single / new young family / retired / disabled / fixed income etc.Here's the deal figures With closing paid , seller counters 10k above my offer, 6% VA loan, no points Does the property lacking those features make it a deal breaker ?

This takes a little more work, but it's the fairest and reduces the likelihood of tenants that squander utilities.If you choose #2 or #3, there are considerations:Start with an average.

Are both taken out of the gross rental income before all of the other operating expenses or after you deduct the operating expenses?