I was interested in something like owning a rental property as a way to generate some additional income. 

Since you're already generating substantial depreciation (e.g., $90K from cost segregation), if your husband can qualify as REP in future years, and you continue to build your portfolio, it could be very beneficial.

DSCR programs are only for properties that generate rental income.

Is this an AI generated video?

It allows you to sell appreciated assets without paying capital gains upfront, generate ongoing income, and eventually donate to a cause you care about.

An HELOC can be an emergency line but I would still encourage having extra money saved for vacancies or random expenses.

If you’re looking beyond long-term rentals, Airbnb arbitrage or mid-term rentals can generate strong cash flow without buying property.

The more and more I connect with our generation the more I see how many of us are facing the same issue and hungry for ***pick your buzz word*** "financial peace, escape the rat race, become an investor, etc".I think it's because our generation has seen so much economic change and volatility in our life time, many of us are desperate to take control.

Without REP Status:Cost seg losses become passive losses.If you have little to no passive income (from rentals or other sources), those losses carry forward to future years.You can use them later when you sell a property or generate more passive income.2.

Would the best approach be to find a cheaper home that would generate cashflow, and pay cash for it.