As you were in property management, not sure if you ran your own company, but as you look at it..

If you also have W2 income, then Section 179 income limitation on Schedule C should not matter.Also, whether you take $1k of depreciation or $19k of depreciation, after adding it back you have the exact same income for underwriting purposes, so I'm not sure why you're concerned about a reduced amount of depreciationI don't have a W2-I do receive alimony, and have three rental properties and this business.  

I'm a licensed contractor in NYC and I have a good friend who's family owns a property here in Crown Heights Brooklyn that’s basically all paid off and taxes are up to date.

Building a strong team (agent, contractor, lender, property manager) is key—seek referrals from experienced investors.

I’m averaging about $350/month with the bookkeeper and we’re working with 8 properties and 31 units and 8 sets of accounts as I have one per property.

Does the city or building department not post the property with a big red  stop work poster ?

My goal for this deal is to purchase a cash-flowing multi family property to buy and hold.

But while I had my properties in section 8 it was generally fine.Like any, if you show respect to the property and tenants, they will typically show respect to you and the property. 

This property has been a great experience and we have learned a lot from it over the last several years.

Quote from @Christian Mejia: We recently purchased our first investment property in Florida with the assistance of Rent to Retirement and I just wanted to say it was a smooth process.