It's that defining moment.

Make sure there is a positive cash flow from the property.Make sure your escape plan is well-defined.

My goal here was to replace all major components and renovate to a premium level finish in order to charge market rent.By installing high quality finishes, I am setting this property up to be a low maintenance long term hold 📈What kind of renovation costs are you currently spending on your properties?

Code section 280A defines personal use of a real estate property, and it doesn't allow deduction of expenses for personal use space because it's considered to be your residence rather than rental property. 

Secondly most electrical components in use are made to be used with copper, not aluminum.

This is defined as those with gross receipts of $25,000,000 or less for a three-year period.Claiming Interest ExpenseIn order to capitalize on your interest expenses, taxes must be itemized, and investment interest expenses are to be listed under Schedule A on Form 1040.

Stay updated on market dynamics, interest rates, and economic indicators that can impact real estate investments.Set Goals and Take Action: Define your short-term and long-term goals as a real estate investor and create a plan to achieve them.

I think a major component of influence here are the listing brokers.  

A variety of investment techniques, a well-defined aim, and education are necessary before beginning a real estate investing adventure.

Some steps you could consider: Assess Your Current Property, Educate Yourself, Define Your Investment Strategy, Explore Investment Opportunities, Market Analysis and Property Selection, Build Your Network, Due Diligence and Risk Management.