(income = 3 x monthly rent, Debt-To-Income, etc. can still be used!)

Quote from @George Falk: New to income property investment.

Metro, the rising median household income and population growth in the D.C.

If you look at the one mile income radius and you see median household income at 45k, then take 30% of that or $13,500. 

Not Understanding “Household”Household means “the individuals living together and how they live together.”

The income requirement was $6000.

I am seeking mentors and or guides to help me invest in business that can eventually help offset W2 income tax.

I use apartments.com, so the money didn't end up in my account until 1/6/25.Is this considered income for 2024 or 2025? 

Just make sure you use a very honest agent that doesn't sugar coat anything and check the crime statistics and household income.

Real estate investing has been a passion of mine for time with my mother also having invested early on where I likely have gotten the love and desire to follow similar foot steps.I have taken last 6 months to educate myself and currently own a single family home as primary residence and would like to expand to multi family properties (2-4 units) for additional stream of income, not to mention potential tax benefits for long-term investing.Based on current living situation, I have a fair amount of equity established in my primary residency along with having enough cash to either pay off house completely or use towards investing in a multi family property.Given that I'm the sole source of income for our household with my wife being the home maker for our two kids under 2, trying to weigh out risks with getting started now or perhaps waiting.