For your property to perform well, I would want it to rent for around $1800 a month to cover expenses and provide some cash flow.

So depend on which turnkey company you work with, sometimes it's not that expensive than do it yourself, but you will get the knowledge and experience from that company.   

So it's probably an expensive job IF I'm even allowed to do it.I'm house hacking this property by living in this basement and renting the upper rooms so I can prolong the decision for a year.

I did a sewer scope one time, and it was so dirty we had to get it cleaned, and then when I asked for a credit since they didnt want to clean it at their expense, they told me they'd only give me $500 credit, which was what I paid. 

DSCR are expensive, but that is because they generally take the greatest risk. 

While I manage my expenses responsibly, I don’t have a significant amount of capital leftover each month to invest in holding properties or funding larger ventures.That’s why I’ve been exploring wholesaling as a potential entry point into real estate—it seems like a feasible way to build up the necessary capital while learning more about the market and the process.

Year 2 had some large expenses, including some CapEx items (water heater, roof).

Hi David - You can deduct all expenses (including depreciation) related to your rental property.

Maybe I missed it, but I did not see you mention what you could rent your current expensive house for and what it would cash flow?

Also AirBNB stocking fees, maintenance, cap ex.But at the same token know that the principal portion of your mortgage payment is actually not a true expense so there is that benefit to doing all of this even if you are light on the cash flow or break even.