Get on a budget, build your emergency fund, pay off all debts, save up.

although we bought about 6 years ago or so for 270 put 100k into it so you can do the math  no debt .. hoa 400  we pay utls. 200 or so.. so 600 a month out of the 3500.. tax's about 1500 a year ( got to love Vegas taxs ) value today right at 600k.. so lets say we net about 33k a year on 370k cash .. so not bad little under 10% COC with an outstanding tenant one of the best I have ever had.PS given tenant quality we manage ourselves.. 

She says she does and it has no debt.. ( I paid 130k for her house).

They obtain and manage capital, whether it’s private equity/debt, bank financing or personal capital.

If so, you'll need to figure out why you're not making money - is it other operating inefficiencies or your debt terms?

Also, you will likely only be able to use the rent to offset the mortgage pmt debt on the rental property to $0 since you dont have any Sched E history yet. 

.- Maintain proper records, such as contracts, settlement statements, and promissory notes.- Additionally, you can track income and expenses consistently using software or spreadsheets.If you track everything, you could show a loss and use that to offset other earned income (such as a W2) which will net you a bigger refund.

As others have said, the settlement that was reached in 2024 requires this contract for an agent to show you a house. 

From all of that data, it's abundantly clear to me that any rental that has debt doesn't really cash flow.

. - The money partner doesn’t need to worry about the financing or keeping the debt in their name which may reduce risk for the money partner.Long-term tenant to reduce turnover.