I'd also think it would be difficult to precisely estimate all costs that will be paid at closing (e.g. prorated taxes) so that seller literally walks away with exactly the amount you discuss with them. 

I suggest that you reverse engineer the entire lead capture and conversion process and determine what it is precisely that you wish to achieve.

I’ve done a little research regarding tax deductions for the portion I am renting out but was looking for more advise for precisely calculating how much of the house I can offset with depreciation for tax purposes.

I do believe that many investors who are buying turnkey property today are going to be hurt precisely because they are buying "Turnkey".  

I own a painting company here in Albany, OR (PJs Precision Painting LLC) and have been steady flowing since i started up.

It seems very thorough and I need to refer to his videos on how to precisely use parts of it.  

This is precisely what I am afraid of...But it seems like every landlord who has responded has had a different approach, and I guess it really depends on the tenant in question.

Don't take on more debt than you can handle, but realize that real estate is as powerful as it is precisely because of debt.

This is precisely how I got my start ... rented the Glendale house rather than selling, bought another place, rinse and repeat as necessary until filthy rich.

This is precisely the reason why so many real estate investors go into lending.