Right now, the best offers around me are for some 1.3-4 million, that only generated around 100k per year gross, so there would be a high chance of not cash flowing, and paying money, especially with a commercial loan (these buildings have more than 4 units).I was thinking that although the rental itself does not generate money, I would be able to deduct the mortgage interest, and depreciation from my personal w2 income and would be net positive.

That would be your house on the property line.

Often, traditional lenders offer better rates, which can significantly improve your profit margins.2.

One particular property that I looked at was converted from single family with a one bedrom unit on the first floor and two single room apartments on the second floor. 

A ton of house hacking material on there :) 

I have a real estate attorney that I have worked with in the past and will work with him on this also. 

Start anywhere—offer to assist, intern, whatever it takes—and absorb as much knowledge as you can.

Winterizing Your Home: Tips for Draft-Proof Windows and Doors" – Offer seasonal advice."

A cost segregation study was performed on this apartment building in Knoxville, TN with a depreciable cost basis of $17,323,250.

Our New Equity Based Offering!"