Most things in relation to the rental are deductible - Mortgage Interest, Taxes, Insurance, Repairs, etcIf you are unsure of what is deductible, you may want to consider working with an accountant.

The benefit to these is you get your foot into the door without a ton of capital and as time goes you can move out and cashflow on the property.

The benefit to this option, however, is that you are able to hold the property in an LLC orCorp and you will not be limited by your personal DTI. 

I have just under five rental properties and I understand the legal benefits of creating an LLC (married to a lawyer).

If so you may benefit from a step up-in-basis.

But add to that the related party aspect. 

I’ve heard this can have benefits, but I’m not sure where to start.If anyone has advice on how to proceed, I’d love to hear it!

This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return. 5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space. 6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.

I suspect, as more and more leasing-related disputes are occurring involving credit cards, the companies have already figured out their method of handling these claims.

I have been trying to keep an open mind while I learn about the different strategies but I see a lot of benefit in the multi family and SFH units for long-term rentals