On one hand, there're a number of legitimate tax deductions, credits, and loopholes that are not well-known.

@Tar-U-Way BrightYou can use the LLC to set up business bank accounts and business credit cards.

He would also not need any private money lenders to close these transactions -- his bank would be dying to give him a commercial line of credit. 

This outlook is reflected in the prices resulting in poor initial cash flow but historically great long term cash flow. 

Our only debts are a 2.875% mortgage with a balance of $124k only paying $897/month on an appraised value of $325k, daily driver car of $370/month, and use a credit card for monthly expenses, but pay the balance off with every pay check.

They can choose to leave and you can both sign an agreement to terminate the tenancy, or, you are going to file for eviction and it will probably wreck their credit. 

Then a draw for mechanicals, then drywall/paint,and so forth.I have found that uploading pictures to a shared dropbox folder, with frequent status reports eases everyone's minds .I have used my credit accounts in the past and been stuck with the bill.

Opportunity Zone Tax Credits helped fuel more investments in rural and under-served markets where capital is needed, but not much is available.

Did you pay with a credit card?  

Credit unions or smaller regional banks might be a better fit.