Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

If my target would be low income residents, are there any grants, tax credits, or funds available to help me with the conversion? 

Which increases paperwork & costs for little benefit - if any.4) You'll need an entity in the US.You need to discuss all this with a qualified tax professional or attorney.- For our clients, we provide consultations with a tax attorney that handles over 300 foreigners legal & tax needs.

If anything it just means that initial newbie tax / buffer is going away. 

The tax advantages of buying/holding gas stations are pretty great.Many of the components of gas stations including pumps, tanks, external parking areas, and other equipment are classified as either 5 or 15 year property so you can bonus depreciate a lot of it (minus the land value) and get significant deductions in year 1.With the 2025 bonus depreciation rate at 40%, a $1 million gas station acquisition could still lead to $100K+ in year 1 deductions depending on the specifics of your deal.

Lower taxes, no POS and lead testing. 

I forgot to add that the insurance and tax is included in my mortgage of $2,005.

Also, how does one assess whether or not one can turn a profit after paying principal/interest, insurance, and taxes each month?

.: Stessa isn't good for keeping track of tax deduction items.Stessa was designed to just look at P&L.

I finally had to take a week off work and make myself incredibly obnoxious to ICE (the electric company) to get everything sorted out but our power is now on.