In order to make sure you're optimizing your tax advantages and adhering to all applicable requirements, even while I can offer broad advise, I suggest speaking with a tax professional or accountant who is knowledgeable with real estate taxation.

On the surface, it seems like it meets a lot of broad criteria for being a positive investment, including a positive cash flow at a currently high interest rate, but I don't want to miss on my first step into this.

This is a very broad topic. 

@Mike LambertI know my question was a bit broad.

Imagine you are one sexy lil broad, stockes high heels skimpy outfit walking back from the club at night.

Class A neighborhoods.I think it is not about the zip codes because that can be rather broad.

I'm thinking broad language such as "All refuse shall be kept in a trash receptacle inside the building and disposed of permanently in the dumpster only.......no littering! 

Question is too broad to give a definitive thumbs up or down.

This is a very broad statement that no one can really give guidance to.

@Matthew Dekker  that is a very broad question.