Thus most investor don’t qualify to take this.You can achieve same deduction with 100% bonus depreciation that has no income limitations. 

We have had success with the debt-reduction aspect of Dave Ramsey; we personally have gotten "gazelle intense" in paying off debt, and saving up everything...bonuses, tax returns, birthday presents, bought older cars, etc. in a quest for down payment funds. 

Looking for bonus deprecation, cost seg, Airbnb business (I have a unit) answers etc. 

(and the sub section on REAL ESTATE MARKETING TOOLS & TECHNOLOGY TAXES & ACCOUNTING LEGAL TEAM)Bonus for the weekend, my collection for starters (read the comments too, and then if you like the author, go check out what else they wrote):https://www.biggerpockets.com/renewsblog/stages-of-investing/-https://www.biggerpockets.com/renewsblog/newbies-learn-real-estate-investing/-https://www.biggerpockets.com/renewsblog/5-ways-to-know-youre-not-ready-to-invest/-https://www.biggerpockets.com/renewsblog/ideal-vs-desperate-investor/-https://www.biggerpockets.com/renewsblog/how-much-to-offer-property/-https://www.biggerpockets.com/renewsblog/hazardous-attitudes-of-investors/-https://www.biggerpockets.com/renewsblog/2016/05/31/21-traits-scammy-real-estate-investment-guru/-https://www.biggerpockets.com/renewsblog/youre-not-cut-out-to-be-real-estate-investor/-https://www.biggerpockets.com/renewsblog/questions-new-investors-should-ask/If this not enough to get you started and keep you busy ...let me know and I'll send you a list of blogs, podcasts, and books. 

(opinion bonus) Is it worth the extra $2,000-2500 to hire two attorneys in two states to set up these LLCs/OAs versus utilizing some services I see where it can be set up for about $200 each if you add in EIN/OA work and maybe $125/year for registered agent in that state?

I have been for several years looking at real estate as a way to generate passive free cash flow and hopefully find a process where I can pour my bonus money each year into new deals.

In fact it's a bonus for the landlord.

Hi Dustin,You have a LOT of potential here for total transformation and curb appeal.

Bonus: my sister is house hacking a triplex near Lake of the Isles, and I can start with neighborhoods where I already have basic local knowledge. 

I would consider lowering the price or offering some bonuses like 50% off the second month's rent to make your property stand out from the crowd.