Yes do what you can to minimize taxes but that’s not the primary driver.

Suppose, for example, the tenant delays in reporting the leaking roof - then you've got mold, damaged ceilings, etc.  

I suppose you can do delayed financing as well if you want to close all cash to make it a quicker transaction. 

IE is it just effectively a secured parking lot that renters can come and go as they please with minimal oversight? 

Now your tenants are happy, and you have minimized the time you would have spent speaking to your tenants about the delay or fighting a warranty company.

But, could I minimize risk of renter defaulting on payments for the 2nd property by turning this property into a section 8 housing unit with guaranteed income from the gov't?

My headaches have been minimal thus far.However, most important for you is to look for a base hit, not a home run.

.**** At some point, future, I think I will want most all properties paid off so I can have great flow with minimal stress and maintenance numbers but kinda feel growth phase is still smartest as of now. 

Hi @Elizabeth Rose - apologies for the delayed response.

Jumping in is very nerve racking and I'm trying everything I can to minimize my risk, but I guess I can only do some much planning before jumping right in