Have you considered fully turnkey properties in high-demand rental markets?

So as I understand it, repairs/maintenance is fully deductible the same year but major improvements have to be depreciated. 

Use a bridge lender that is okay with gift funds or Gap funding, then refinance at 3-6 months once it is fully ‘seasoned’ 

Also, since you are new to finding tenants and renting, should you get someone who damages your unit, probably not a big deal since you haven't renovated it yet.  

While you may always have a skip, early termination, or eviction, spreading out the lease-end dates can help avoid having all units vacant at once.

Quote from @Olivia Blake: I’m a first-time landlord (just signed my first fully-occupied LTR in Jan 2025) and have already run into my first potential tenant issue.

Before moving forward, negotiate better terms with the hard money lender you initially spoke with and ensure the seller is fully on board with second position financing.

Purchase price: $145,000 Cash invested: $60,000 Finding a move-in-ready home that offers modern upgrades and country charm can be challenging—but this fully renovated 4-5 bedroom, 2-bathroom ranch is the perfect solution.

Rent payments from the medical LLC are fully deductible as a business expense, while the property-owning LLC will report the rent as taxable income, which can be offset by deductions for expenses like mortgage interest, property taxes, maintenance, and depreciation.To ensure compliance, document how FMV was determined—using market comparisons, an appraisal, or similar data—and draft a formal lease agreement outlining the terms, rent amount, and responsibilities.

A coach won't do it for you, so you need to be sure you fully understand what you're looking to achieve and have the time and energy to get the results.