The strategy is to buy and hold with positive cashflow.  

Contrary to popular belief, this is actually an advanced strategy for people with lots of experience and resources, it's a really tough place to start.

I have been investing in Indy since 2017 and your strategy would be the determining factor on location and the type of house you'll buy!

Brian Davis: @Eric LoweThere's a company called Rental Property Refund that does cost segregation studies virtually, based on self-reported data from you.

For long-term strategies, a cash-out refinance is usually more advantageous, as it preserves ownership and offers fixed terms.To proceed, start with a professional appraisal to confirm the home’s value, compare refinance terms with traditional lenders, and carefully scrutinize shared-equity program terms to ensure they align with your financial goals.

My strategy in Arizona has been adding bedrooms and renting by the room - currently getting 850-950/room in nice neighborhoods.

I’d be happy to connect, chat through strategies, or see how we can work together.

Will be a better question for your CPA in my opinion, they'll have better visibility into what strategy will work best before filing season and EOY. 

It sounds like you should discuss specifics with a knowledge RE tax professional and discuss tax strategies.

So start with STRATEGY.