I had been naive to believe him and thinking that all the delays might have been due to COVID.

It offers excellent potential for investors due to the multiple exit strategies available.

Most of my income is reinvested back into the business, which means my reported income is relatively low due to write-offs.2.

I will spend around $5000 - $7000 a year for tax planning and filing.

For expenses like utilities, property tax, and insurance, I estimate a 3% yearly increase.However, keep in mind that if you do renovations in the first year, it’s likely you won’t need the full 5% repair allocation for the first or even second year.

but I'm just not sure about the tax credits.

It offers tax benefits, such as mortgage interest deductions and depreciation, reducing taxable income.

What are the expenses (taxes, who pays utilities, etc)?

Sources for insurance and property taxes: Insurance—ValuePenguin, State Property Tax Rates—Rocket Mortgage.

I asked one of these coaches who said her rental income is $140,000 a year if that is the gross rental income or net rental income (after mortgage payments, property taxes, insurance, repairs, vacancies, capital expenses).