Deductions would be the original deposit I had put into the property, material and labor, and all other deductions such as utilities.

Joe's answer is the most accurate.

My thought is that if the IRS audits me, I'm perfectly capable of showing how "Joe Smith" paid my venmo $1K, I transferred it to my personal account, I also have a lease agreement identifying that $1K and Joe Smith's name.

@Joe R.WOW!

I’ve heard you should factor in:Strengths WeaknessesWantsOpportunitiesMy strengths are that I’m handy (I’ve been fixing things on my own home since 2021) and I work in industrial & commercial HVAC so I would add value with labor. 

Without leveraged finance there would be no facebook, no Microsoft, no i-anything, you would not be just doing it as there would be no Nikes, there would be no grocery stores as all farming would come to an end because all that machinery and seed for planting, you guessed it, financed because farmer Joe dosn't have the $250k cash for seed with another $350k for that tractor, it's financed.

Thank you, @Joe Homs, for the mention!

Quote from @Joe Homs: @Samson Hall don't let anyone hold you back. 

In short, he seemd like a "regular Joe" and he had this laid-back style about him and he explained property ownership in simple terms (I was 24 at the time) for me to understand. 

IMO you should still account for property mgt costs in your calculations, since that is a typical cost of doing business, and if you choose to pay yourself to do that, that's fine, but it is still an operating cost.You don't buy a business without taking into account the labor cost to run that business.