Low income tenants will destroy your property As a Property Manager currently managing many Section 8 rentals I can confirm that there are tenants who will be rough on the properties they live in, that said this can be mitigated by using materials during the renovation which are durable like certain LVT, cabinets, and paint finishes.  3.

While it sounds simple—buy enough properties so the income replaces your current income—there's more to achieving financial independence than reaching a fixed dollar amount.

Because my equity is high, my ROE is low, but seems to make a boost on ROE if I payoff the remaining mortgage, which surprised me.

or would it only offset my w2 income? 

They’re relocating out of town and would like to sell by the beginning of the year.Here are the key details:Current rent: $1,850/month (tenant is month-to-month, wants to stay)Market rent estimate: $2,200–$2,350/monthTenant history: Has been there for about a year; was paying $2,150 at their prior rental, so an increase to $2,000+ should be manageable.Seller’s situation: They owe about $156,000 on the property and want to net around $100,000 after all taxes and fees.Existing mortgage rate: 3.5%Wholesaler offer: $287,000My position: I just bought a fixer-upper, so most of my cash is tied up, but I can access around $100,000 from a HELOC at 6.5% (15-year draw / 15-year repayment).Question:Is there a way to creatively structure a deal that allows me to leverage the seller’s existing low-interest mortgage — even though it’s not officially assumable?

The other is in the low 500s but stated that this is due to a car accident totaling her car and is in litigation, so she is not paying on the loan. 

I'm not familiar with dditional income.

In the Midwest, cash-flowing properties are much easier to manage with low risk and often give you room to scale faster.

We renovate to get approved, move tenants in fast, and keep maintenance low.

Before I take on a new STR owner, I ask four questions:Tell me about your W-2 income(s).