That’s a great goal, Steve and honestly, one that’s totally doable with the right plan.If your focus is replacing your work income, the big thing is not just earning rental income but keeping more of what you make.

or would it only offset my w2 income? 

Here is how we roll...my wife as the designer puts a spreadsheet together with links for each item with costs and quantity. 

Right now, more than any time in recent history, focusing on location and quality over quantity is where you can absorb costs better and generate better margins.

DSCR or no-income loans still exist, but rates and lender flexibility can vary, so it’s smart to also consider local banks or portfolio lenders who may look at your overall financial strength.

They can handle any quantity or style, and their sliding and bi-fold doors are also excellent.

Quote from @Santos Lopez: I heard that there's a way to deduct short term rental losses against earned income (e.g.

Most institutions won't pay more than 1.5% (and some 1%).  3+% is a solid indicator that sponsor is more focused on quantity over quality.

If you truly want it to be passive income lending would be your best bet. $2M even at 10% interest is almost $17k/mo. and that doesn't include fees.

Market shifts have made strategy even more important lately.DSCR loans are based on the property’s own income rather than the borrower’s personal DTI, which makes them ideal for investors scaling portfolios or holding properties under LLCs.