That includes property taxes, insurance, the cost of maintenance and labor etc.

Make sure to plan for the added rental income/ordinary expenses on your tax return. 

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

As investors, our taxes, HOA fees, and expenses never go down.

My name and my daughter’s name(s) are also in title and the loan.I have really good equity in both properties (six figure) with great interest rates.At some point my daughters and their husbands will move out to upgrade to something bigger.I want to turn these properties into investment properties after my daughters move out:  thinking the best way is to convert in my name only.Also considering leveraging the equity in the properties to help buy new homes/townhomes for my daughters when they are ready as well.Wondering what the best strategies would be for me to expand property portfolio, minimize tax impact , create more passive income while continuing to help my family grow.I appreciate any advice! 

you just input the address and it import the information which has bedrooms, bathrooms, and square footage. just be careful with the insurance and property tax data.

Now, in terms of tax deductibility, interest paid on the All In One Loan is eligible for deduction the same way it is with all other mortgages.

Unlike other investments, it provides passive income, tax advantages, and the potential for appreciation.

Instead though, I don't want to sell it but use the refinance money to buy more, I've been thinking about buying back taxed houses in the area. 

Raise fees on building permits, give tax credits on renovations.Suburban sprawl really hasn't been a good thing for the US.Of course, it's all about supply & demand.But, if you can figure out why more people want to live in Hazel Park (leading to teardowns & rebuilds) versus south Warren or Eastpointe (nothing happening) then you can make millions.