Just like anything in life.Once you have made the decision, this is what you want to do.You need to have tunnel vision on your goal.If your saving up for a down payment, work an extra job, side hustle, reduce expenses, whatever.Finding cash flowing properties is not hard to come by, your first property does not need to be perfect or give you the absolute best return; you need to acquire it as soon as possible to start the compounding effect.Hope that helps :) Lets get to work

**Depreciation Recapture**: Because you've rented the property, you likely claimed depreciation, which reduces your basis.

Over the home loan term, this can significantly reduce your mortgage payments.Closing costsReal estate investors must pay most of the closing fees when finalizing a mortgage and real estate sale.

This helps reduce operational costs and increase efficiencies, hopefully giving the landlord back time to spend on other areas of the business.Market Trend Predictive Analytics: There are AI algorithms that can analyze large amounts of data in order to predict property values and future market trends.

Pergo is known for its durability and ease of installation, which could give you a clean finish and reduce maintenance costs in the long run.It's wise to consider all these factors as you make your decisions.

When I did underwriting, since a portion of the insurance costs and property taxes are collected at closing, I reduced those from the first year of expenses.

You should also ask if they do cost segregation analyses, as that might be extremely helpful in reducing your income tax liability.You could pay a CPA to prepare your tax return for this first year and learn as much as possible from them.

This takes a little more work, but it's the fairest and reduces the likelihood of tenants that squander utilities.If you choose #2 or #3, there are considerations:Start with an average.

This is because lenders see cash-out loans as higher risk, especially with investment properties, so they limit the LTV to reduce exposure. 

Going to have to reduce to cut down on vacancy.