Those non-cash expenses definitely helped us out during tax season.2.

But if you are okay with negative cash flow and want more the appreciation, new builds are definitely the way to go. 

Finding deals off market is definitely something you can do without a "mentor".

Have you read any of the books here in the BP shop yet - I'd definitely recommend the BRRRR book among others. 

Hey Andrea, for STR you're definitely going to want to look into A/B class areas.

You can google or search on BP for definitions of cash on cash, cap rate, etc.

There are definitely markets that allow Class A properties, and still cash flow! 

Your lender definitely should be able to count the 75%- I'm in Arlington and would be happy to connect you with my awesome lender who has been able to do all kinds of creative options to get to yes for me.

The biggest differences between residential and commercial:  Scalability, financing are very different, property taxes may be different, Insurance is definitely different. 

A quick google search of your state indicates the following regaridng timeline to give notice:30 daysFor tenants who have lived in the property for less than one year, or have a lease for less than one year60 daysFor tenants who have lived in the property for more than one year but less than two years, or have a lease for more than one year but less than two years90 daysFor tenants who have lived in the property for more than two years, or have a lease for at least two yearsI'd definitely touch base with an eviction attorney in your state to ensure you are not missing any steps and to have the attorney as a backup option in case the tenant does not vacate easily.