Also, it appears from your comments that you do not have a full understanding of how depreciation works post-1031.

Washington D.C. has also finally acquired the RFK Stadium (Source) from the federal government, a long-sitting vacant stadium in the NE quadrant of the District, with the plans to have the Washington Commanders come back to the District from Landover, Maryland, and occupy the stadium after a full renovation, who are currently a top 4 team in the NFL.

This community is full of experienced investors ready to share advice, so feel free to ask questions as you go!

I decided to buy the property from my grandfather using a gift of equity, which allowed me to take over ownership without having to come up with the full down payment and pay for the tax lien and his closing costs.

I invest there and have a full team on-the-ground.

I can either go back to work or find a way to keep working in real estate for myself, full time.  

You will need to have the full amount you’re willing to pay.

You’ve received some great responses full of valuable information, but I believe you may be missing the BEST market.  

Some lenders are going to have overlays or not understand how to actually calculate rental income properly (full disclosure - I've closed loans that were turned down because of a banker or loan broker not understanding how to calculate income).  

People tend to waste a lot when everythings included, so this helps to avoid that problem.There are also companies out there that can install a meter in lieu of doing a full submeter to ascertain how much usage the unit is using monthly.