Interest income is taxed at ordinary income rates.

@Julian Inoue Don’t see anything out of the ordinary for an investment property purchase.

All of these concerns are rather simple and ordinary for a Professional PM, I strongly suggest getting one to start with, stay close to the process, and learn how to self-manage as time goes with that "safety-net" of a professional PM until your ready to take over the reigns.     

These rules are state specific, there is no one easy answer fits all.For the business purpose loans I do, borrower writes off interest as a business expense, lender declares interest as ordinary income.

https://www.biggerpockets.com/blog/biggerpockets-business-podcast-40-brit-fosheeLots of business owners on BP.

Also wondering if IRA's facing UDFI have to pay the ObamaCare surchage of 3.8% in addition to ordinary income tax, cap gains tax, and recapture tax?

@Imran ShahzadWhile flipping profits are taxed as ordinary income at your marginal rate and subject to self employment tax, I wouldn't go crazy trying to reduce your se tax liability with a S corp. 

I just talked with my mortgage broker about this as I am about to purchase my second property as well.He told me that the rental income from the first will count as ordinary income when they are looking at D/I and will not count against my income.If you are cash flowing A LOT then you might be able to afford more, however if it isn't substantial I wouldn't get my hopes up.Look forward to hearing how it goes!

The blue pill creates a contented experience of ordinary reality.

Not ordinary operating expenses."