That's when it hit me: profit sharing and per-deal compensation would be the most effective approach.I keep reminding my team that, as you continue to grow, a combination of salary and bonuses becomes more viable.As our business started booming and the cash flow got juicier, I knew it was time for a compensation makeover.

I do  have a good paying job that helps me pay my primary residence, but I like to plan for rainy days.My ultimate goal is have enough rental income to live off of, so I know conventional wisdom says I need to buy more rentals.

You’re in a great spot with lots of options.From a tax perspective, your STR could qualify as a non-passive business if the average stay is under 7 days and you manage it yourself.That opens the door for a cost segregation study and big bonus depreciation write-offs often opportunities that many CPAs who don't specialize in real estate miss.Like others have mentioned above, you can’t do a Solo 401(k) with just W2 income, but if you treat the STR as a business and pay yourself for managing it, that income could qualify, giving you another powerful retirement planning tool.Next steps: start by finding a tax strategist or CPA who really understands real estate and short-term rentals, and an estate planning attorney to protect what you’re building.

Pay them quickly, buy them lunches and thank them profusely. 

As far as the evictions, the HUD  HAP contract with the landlord expressly states that if the Housing Authority fails to pay its portion, an eviction is prohibited.  

Quote from @Luke Mertz: So as an 18 year old I have the opportunity to go through a 2 year program then receive a 50,000$ signing bonus plus pay.

Only if your rents increase faster than inflation will you have the additional dollars needed to pay future inflated prices.The income must be sufficient to replace your current income; you will need to buy multiple properties (scale).The rental income must last throughout your lifetime and into your children's lifetime.The income must be reliable.

Justin, for clarity when you say you want to take advantage of the 100% bonus tax depreciation that Section 179 allows you to expense the full purchase price of eligable business property (farm equiptment for example), however "real property" like a single family or duplex does not qualify for the full expensing or depreciation.

Make sure the place you are buying is occupied and the tennant has been actively paying their rent.

If you can speculate better than me you might get a bonus but it's not my strategy with long-term rentals.