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

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. 

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. 

The projected rental income wouldn't cover the mortgage and HOA at this time.

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.

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

My strategy is to hold it long-term, leveraging the steady rental income while benefiting from potential appreciation.

@Charles EvansFrom my experience, having rental income of $1,400 to offset a $2,600 mortgage, leaving you with a $1,200 payment, is a manageable setup with an income-to-mortgage ratio of 28.5%.

Are you looking to flip so you can make income today?

If the local market is healthy and rental income will be adequately managed by a property manager, then a long term residence could be used to build equity.