With your primary residence, things can be pretty straight forward in terms of splitting mortgage interest, real estate taxes etc. on your returns.If you go into a rental property, there are a lot of considerations to think about.

DSCR loans are pretty straight forward for my LLC. 

Yep I was going to say for DSCR especially it's pretty straightforward. 

If your AGI is over $150K, passive loss limitations may apply.Setting up an LLC is straightforward but consider state fees, tax implications, and liability protection when making your decision.

This is a straightforward and common approach.However, make sure to document the change in the lease renewal or addendum, specifying the new security deposit amount.

Based on the numbers seems like it was a straight forward conventional loan...any challenges?

I was wondering what your experience has been, good or bad with buying rental property in close proximity to the firehouse/station?

I am a licensed RE salesperson in New York, but I am wondering about the requirements to start a PM company.

Which is very complex and costly and likely warrants professional help.Now, if it's just you and your spouse, then your 2024 tax preparation is likely relatively straightforward:- you will create a Schedule C on your personal tax return- you will NOT report any costs of purchasing the property or its rehab, not in 2024- you will report your business overhead expenses such as marketing, driving, technology etc- you will end up with a business schedule showing zero income and some expenses - not breaking the rules but potentially raising an audit flagCan you do it yourself?

I wonder Trumps thoughts on the affect of Tariffs and the cost of materials.