FHA with seller paying for closing costs, our parents gifting us a small amount, and from our savings account.

The caveat is my mortgage is $3,100/mo and the comps in my area are renting ~$2,800/mo, so it's not going to cashflow, especially when accounting for management, vacancy, maintenance, etc. 

Arizona allows commission credits toward closing, so that part’s fine it’s just about handling the tax side correctly.Bottom line: You’re still getting taxed on it, but with the right accounting strategy, you can minimize the hit.

You account for the mortgage and HOA fee.

Quote from @Krista Lance: @Kevin Sobilo @Thomas Talbert Sorry - I should have specified more, I have a property manager for these properties, and they track all of the accounting, etc.

If it is for investment purposes then go with a DSCR loan which does not take into account your income. 

If you want to activate it, you can simply log in with your BP Account - Activate RentRedi Perk

Are you going to keep the separate bank account, keep corporate minutes?

I have a retirement 457 account with $120k (split amongst Roth and Traditional).

Quote from @Daniel Baker: Hello everyone, Looking to get a little insight into what things I should take into account when selling a property.