Essentially, instead of being able to write it off immediately, it lowers the purchase price for tax purposes, meaning depreciation will be calculated on a slightly lower amount over time.

Feel free to reach out if you have any specific questions, I'm very open and will be fully transparent in my experiences across all the groups/platforms.

I have a cosigner willing to help, but Im unsure whether they must be in my LLC or can just be a guarantor, has anyone dealt with this before?

I have a mortgage with NBC and will be using them more this year.If you'd like, I'd be happy to connect you with my buddy Mark who can give you quotes on DSCR loans, and connect you with Jody Shaw @ NBC who can help drum you up some quotes and tactics on getting a loan with them. 

Sights are set on all types of REI, but this will be a great start for us.I have been in the mortgage business for over 20 years.

A lot of lenders used to apply 35% for expenses, but in the last several years, the numbers for supplies, labor, utilities, taxes, etc… have increased significantly.Also take into account the age, occupancy and how has the property been maintained, this will affect the expenses too

REI) and it will populate in-person and online events.

will reach out to the  ProhomerealtyThanks @Phillip Bradrick. saw your message, let connect and take the discussion forward. 

Quote from @Josh Deschene: Hello All,This is my first post and I will try to summarize as clearly as possible.

How long are you going to own it and when will you try to sell it?