I guarantee both tenants were at least passively looking at other apartments that same day. 

Did a 125k upgrade to unit, but now need to make income.  

It's good practice in making the calculations needed to decide whether or not to pull the trigger on a potential deal.You soon learn that starting off as a Doctor is less advantageous than starting off as a Janitor, because the game presets your income and expenses based on the job title.

Median household income can be an indication of the area.It's not feasible to manage D-class remotely or with 3rd party management and make a profit.

Interested in getting some extra income with converting the extra space in the basement into a rentable unit.Basements in a one-family home can be lawfully rented only if the following conditions are met:Compliance with the Housing Maintenance Code for minimum room size.There is a minimum ceiling height of 7 ft.The walls, as high as ground level, must be damp- and water-proofed if HPD determines that subsoil conditions on the lot require it.The basement is occupied by one family and does not include boarders.Every room must have at least one window.The bottom of any yard or other required open space cannot be higher than six inches below the window sill of any required window in the room.

By accelerating your depreciation schedules, you reduce your taxable income which in turn increases your operating cash flow.

I agree that I have responded in comments to a OP or DM'ed them directly and never heard back as to what they did.

Best thing to do is avoid the higher DTI debt to income, claim one as investment and use the rents to offset the new purchase. 

However, from my research it seems as though getting financed for a property with an llc that shows no income can be difficult.

I moved to Reno Tahoe, NV where you can be 3 hours from the beach and there are low property taxes, no state income tax and limited new construction.