Basically only NE Jackson has owner occ activity Sojac very little to none anymore all investors who are only going to pay for what ever the cash flow is and deduct for risk.

If you file your taxes and you have 5 kids and you don't take that deduction, you missed out on the loophole- the IRS designed it this way- the ENTIRE system is a loophole and those that know how to navigate it reap its benefits and of course some of us miss them and find them later. 

(I’m still trying to understand the basics!) 

So many don't understand basic economics. 

However, I have been trying to figure out possible creative financing options to build more without having to sell, but I cannot seem to find a lender willing to do 100% down on land and construction even though the LTV would be below 50% since I can basically build for costs of material plus minimal labor by doing almost all of it myself , with a little help here and there. 

In other words, if you buy with true cash (meaning not hard money, no lien was put on the property at purchase, etc), then you can get a mortgage for up to six months after closing based on the purchase scenario (basically a cashout refi). 

Hi Jazmin - While TurboTax can handle basic rental income, a CPA would add insight, especially for a first-time rental with mixed uses like yours and even explore tax strategies tailored specific to you.

It's a good location but an overwhelming rehab just beyond my experience; sorta a full gut/ or the basic kitchen, bath, flooring and paint remodel.

I've personally managed a number of house hacks, and the challenge is basically, you're dealing with a much more transient and unreliable tenant base than with other types of properties.  

Beyond these details, I’m excited to dive back into the basics and beyond—open houses, expired listings, online marketing, and more.