DSCR is going to be your best bet here.

Is there a way to reduce the amount of hours so you have more time for other activities?

Appreciation: Are you primarily looking for immediate cash flow (rental income exceeding expenses) or are you betting on long-term appreciation?

In your scenario, claiming that $117k depreciation deduction could lower your taxable income from $700k to $583k, which is a huge benefit in the short term.As for the RE pro status, if one of you becomes a full-time real estate professional, you can potentially offset active income (like W2) with passive losses from real estate. 

I'd love to connect - I'm licensed in AL and actively work with Foreign Nationals, I am working a portfolio deal right now for someone who also lives in Israel. 

Beautiful weather, outdoor activities, and a vibrant culture add an extra layer of appeal for both residents and investors.But Florida isn't a one-size-fits-all market.

Currently, we are targeting multifamily properties of 100+ units, and have been actively engaging with various owners and brokers, submitting Letters of Intent (LOIs) and working to secure deals.While some may consider our approach bold for new investors, we are confident that, with the right team and expertise, we can succeed in achieving our objectives.I’m excited to be part of this community and look forward to learning from your collective experience.

I've been in the investment space almost 9 years now, and been actively investing in flips myself, the last year.

I would bet the older homes will see a lot more appreciation than the newer homes, percentage wise. 

If you cannot prove income then our rental DSCR loan will be your best bet.