If my largest expense after Milton was a $600 water bill, I would pay it and be grateful to be so lucky.

Many loan officers who work primarily in the owner occupied space will try to argue that DSCR is more expensive and have higher rates, but that is simply not true in most cases. 

.- I get an experienced sponsor/developer that can run the show so I don't run the risk of making any (very expensive) mistakes from my lack of experience.- I can get exposure to large multi-family with many tenants.

WA is too expensive and property owner rights for rentals isn’t as good.  

If the PITI plus expenses are being covered by the renter and you can get most/all of your cash back, hold it. 

.), so make sure these are in good condition.Maintenance Costs: Older properties may have charm but could come with higher maintenance expenses.

You can deduct expenses like mortgage interest, property taxes, insurance, repairs, and maintenance costs from your rental income.The biggest advantage is depreciation—this allows you to deduct a portion of the property’s value (excluding land) over time, significantly reducing taxable rental income.

Using one for each property can get very expensive.

I currently live in a tourist area, and it’s VERY expensive.

You may have to pay additional fees for maintenance, vacancies, evictions, and lease renewals.Property taxes and insuranceReal estate taxes are ongoing expenses for rental property owners.