I've been a PM, wholesaler, and Acquisition director for a private investor but, have never owned a rental property myself. I feel because I assumed there would be no way I could get funding other than writing a perso...

I have rented to BK and less than stellar credit tenants by collector larger SD.

If you get a stellar deal on a property and it means that your cashflow is very strong, it's unlikely you'll be able to offset the tax unless you do substantial capital improvements with accelerated depreciation schedules. 

Hi @Matthew Powell, personally I prefer doing deals with other investors with whom I have stellar alignment.  

The location is stellar.

I work with some MEGA funds, that measure acquisition power in hundreds of millions, and they wouldn't even consider a 4 cap unless it had the most amazing and solid condition of near 0 cap-x for next decade or so, such as new built, that's it, with stellar inbound migration.

Pick one strategy for now, build your team (you may just need a stellar agent), and find a property in your criteria.

Originally, we started with carpets, but the constant cleaning (and less than stellar appearance after even one turnover) led us to the tile. 

Your COC return must look stellar lol. 

@Carson Bankord - The income potential in the Destin and Miramar Beach areas is definitely stellar!