But I value the different perspectives and would like to understand what led you to that conclusion more clearly.There's no future here where I could get closer to breaking even?

I'm sure that's just inexperience and illiteracy in REI leading me to that conclusion and I'm sure there's great deals around me, I'm just not sure how to look for them or go about that - I know I know, "build a network, dial for deals" etc, yeah I can do all that but my gut feeling is that the market is pretty cooked here rn where in other places there's room to grow still.

In conclusion, having a partner means sharing profits, but it makes the journey easier and more rewarding.Best, Jacob

Again, that is total speculation from me....just following the possibility to its logical conclusion - but tax law isn't always logical.And, if I wasn't clear enough about this earlier - I am NOT a tax professional.

Conclusion: intentions matter.

@James CarlsonVery obvious - paragraphs with headings and then a “in conclusion” statement at the end

A minimum of 20% equity is my benchmark, ensuring I dont find myself upsupside down on my investment.Positive Cash Flow by the Conclusion of Year One:I aim for a positive cash flow figure at the end of the first year.

Anytime you have the question of if you can write something off, keep the receipt until you speak with your tax pro and they come to a final conclusion for you.For specifics on your current situation/question, I'll defer to the amazing tax pros in this community. 

.- Market Knowledge: Local real estate companies like RE/MAX Select, with their 18 full-time agents, indicate a strong local real estate community that could provide valuable market insights.In conclusion, Shelby's real estate market shows potential for investment, particularly given its price growth and strategic location.

Summary of Key Differences: Aspect DSCR Cap Rate Purpose Measures debt service ability Measures investment return Formula NOI / Debt Service NOI / Purchase Price Focus Cash flow vs. loan payments Income vs. property value Perspective Lender’s viewpoint (loan approval) Investor’s viewpoint (ROI evaluation) Role of Financing Highly dependent on loan terms Independent of financing Use Primarily for loan qualification Property valuation and comparison Conclusion: DSCR is critical when securing financing because it shows how well the property can cover its debt payments.