There are over 20 active CPAs here in Biggerpockets assisting RE investors with their tax planning.

In my opinion we need to direct assistance and subsidy more strategically. 

Depreciation helps reduce the taxable rental profit, potentially bringing it to zero or even creating a loss, which can carry forward to offset future rental income or other capital gains.For high wage earners, other tax strategies could include leveraging cost segregation studies to accelerate depreciation on rental properties through bonus depreciation, taking advantage of tax-deferred exchanges (like a 1031 exchange), or maximizing deductions related to property expenses (mortgage interest, property taxes, insurance, repairs, etc.).

But assist as much as possible with their renters insurance to get them to cover this.

Typically Section 8 assistance will track along the market rent for low income communities in the area (slightly higher or lower depending on the location). 

While completing a Cost Seg study, they were very resistent to me using 6% and because of time-sensitivity, I decided to default to the "rule of thumb" method that you mentioned and used 80/20. 

If you ever need help, I’d love to assist you in gaining more knowledge in real estate investing and blending your construction and remodeling experience for success in this new chapter.

Removing Hassle: Take care of moving costs, dealing with tenants, or assisting with legal paperwork to make the process smoother for the seller.11.

You seem very green, I would highly suggest finding a property management company to do this for your while you learn the ropes and how things work.However, you can also get a copy of "The Book on Managing Rental Properties" by Brandon Turner, and get some really good information.The main one's to consider are:Background check - totally clear, or will you allow certain thingsEviction history - totally clear, or will you allow if no evictions for last xx yearsIncome Requirement - usually 3x the cost of rentCredit History - totally clear, or will you allow certain thingsPets - yes or no, size, type, number of pets allowed, extra pet deposit/feeAgain, I highly suggest a property manager to assist you with this.

Here's an article with additional FAQs on cost segregation studies that you may find helpful.