*******************************************************************************This map, via Visual Capitalist's Pallavi Rao, shows the share of households in each state that reported receiving cash public assistance (also known as TANF, Temporary Assistance for Needy Families) or food assistance (also known as SNAP, Supplemental Nutrition Assistance Program) in 2023.Ranked: U.S.

And the IRS audits REP claims very aggressively, so the best bet is often at the household level if you’re married and your spouse isn’t working full time.

A relatively poor city, the typical household in Bridgeport earns just $44,841 a year, and more than one in every five city residents live below the poverty line.

You’re thinking in the right direction — zero lot line / townhome-style developments can meet a real need in rural and secondary markets, especially where there’s demand for affordable, low-maintenance housing but no new supply.A few ways you might approach testing your vision:Market Feasibility Study: Talk with a local planning department or economic development office to get housing demand data (demographics, household income, and housing stock).

After that, build up three to six months of savings, and then go back to putting 15% of household income into a Roth 401(k) if you have the option.

Just be aware that DSCR loans do not allow you to make personal or household use of the funds from a DSCR cashout refi (otherwise it can become a consumer finance loan).

My household income is around 230k/ year.

I know that real estate is as much about building connections as it is about crunching numbers, and I’m excited to learn from this community—your successes and your failures.Lately, I’ve been digging into market research—cross-referencing City-Data, Zillow, and other sites—trying to find markets that meet the 1% rule, have a median household income to median rent ratio around 4x, and a reasonable crime index.

Do you pay for utilities, household supplies, cleaning, I assume towels/linens and bedding?

Yes, your wife may be able to qualify for Real Estate Professional Status (REPS) even if you’re the full-time W2 earner, since the IRS allows either spouse to qualify for the household.