I haven't done my first deal yet, but I hope that in 2024 I will be able to replace my W2. 

All water, sewer, and electrical infrastructure is being replaced.

Use this period wisely by ensuring your calendar is open, pricing is competitive, and your listing is optimized.Encourage Reviews: After hosting your first guests, politely ask them to leave honest feedback.

Future land appreciation in this area might outweigh any tax benefits from buying in other areas, with a better (tax-wise) ratio.Before pursuing your plan, talk to a real estate accountant to figure out if you can, in fact, benefit from cost segregation.

I need to redo the roof of the house lift up the second floor, the entire front deck of the house, demolish the old stucco, And replaced a lot of rotten wood and messed up beams.does anyone have any recommendations? 

Always stick your neck out for the good tenants and replace the bad ones as soon as you can.

I also assume you do not have ample cash, so reserves would be even tighter and you'll be bleeding monthly on it cash flow wise.

Also is there a plan to replace the HML after a particular point?

There are certain do's and don’ts when it comes to DSCR so it is wise to ask up front.

Essentially, your new replacement property will consist of (1) a thirty plus year ground lease on the real property you already own; and (2) new capital improvements made on the real property you already own pursuant to the new thirty plus year ground lease.