You likely only made a down payment of 3-20% ....but you still get to write it off on the full value across 27.5 years.So 400k/27.5 = 14,000 ish a year of a write off where during the year you didn't need to incur an actual expense, no cash outflow. 

Currently, I’m in full research and networking mode—learning, looking to connect with local investors, and exploring my first investment.

I work full time at a decent job, but have quickly learned that I needed to make some changes in my families life by securing our financial future. 

I ran a full analysis and ended up with 2/2 condo on the Gulf ( I now have 3 ).

Then based on @Michael Baum's suggestion, I think I will have my cleaner and/or maintenance person do monthly/quarterly maintenance like using using enzyme based cleaners, grease fighting drain treatments and hot water flushing. 

I am not sure I will have time to go thrifting or the like, as the property is 3 hours away and I work full time.  

The “borrower” would have an option to buy back the property if (1) all lease payments (“mortgage payments”) have been made and the borrower/seller pays is the sale price/loan amount in full at the time the option period/note matures.  

@Byoung Bae  There are full-service turnkey solutions; just keep looking.

And in contrast, COMPLETING, keyword completing, a NEW Tenant Placement brings about 1 full month's rent, for the tenant placement fee. 

That’s why many syndicators rely on exemptions like Reg D (506(b) or 506(c))—it’s not about the filing fee, but avoiding the regulatory burden and costs of full SEC registration.