When you charge under market rent, the IRS deems that you do not have a profit motive and, therefore, disallows all rental expenses. 

(As AZ and your current state will fight over who gets to tax your gains with the federal government.)I have to throw most of the shade on your horrible tax guy/cpa who didn’t tell you renting it out was a $50-$100k mistake. 

Just do thorough research on the local market and have a solid plan for managing the properties remotely.Good luck!

I doubt after factoring all of the expenses/reserves you'd be at $1100 per month in Net Cash Flow but still way ahead of the expenses nonetheless.We have a duplex bringing in $2800 per month-expenses $1253-debt- $740(P/I) and netting us $807. 

very sorry to hear that. a lot of "professional" unfortunately only look at you as a number and not a long term relationship. you should be able to put a complaint against home inspector to hopefully recover some damage they missed

These are all good options.

you are in the right place for learning . every day read as much as you can and soak up all the invaluable knowledge here on these posts .

I can connect you guys, if you're interested in real estate shop-talk. 

Sounds like you need to have a relationship with a couple of good contractors, 40k for vinyl siding sounds high, what was the material cost.  

Here in FL a pool trumps all and having a spa feature built in offers additional ROI.