Same as if it was bank-financed.However, make sure that you can in fact reduce your taxes by rental losses.

Here are some thoughts on your plan: Cost Savings: Doing the majority of the renovations yourself can significantly reduce costs.

But such things as I've stated above (and a whole lot more that would require I write a book) will greatly reduce the likelihood of a bad rental outcome.

Alternatively, negotiate a credit at closing for the roof cost, reducing the purchase price, or arrange seller financing for the roof.

This will reduce your footprint and units.  .5 acres is a really small footprint. 

This loss will be active and therefore reduce my W2 active income taxes.

Get a reduced prepay in case the market does goes lower to protect yourself.

A fridge keeps food fresh longer, a car saves time by reducing the need to walk everywhere, and buying a house ensures your money doesn’t simply expire like rent.But as investors, we’re aiming for something bigger.

What can you do to reduce these?

One key component is making sure there is language that outlines how the purchase price is reduced if a payment is received BEFORE the closing.