This strategy can help reduce utility expenses.Mid-term and short-term rentals can have utility costs up to 10% of gross income, including electricity, water, gas, cable, lawn care, and pest control.

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?