Agents and property managers are easy to find on BP.

Generally - the depreciation on the structure, mortgage interest, property taxes, repairs & maintenance, insurance, property manager, utilities, vehicle expenses (mileage), professional fees (reports/CPA), home office (office supplies, percentage of utilities, continuing education).

So just because it's a loan on a rental property doesn't necessarily mean the interest will be deductible. 

You got the lower down because the property is owner-occupied.

Quote from @Josh Jung: surprised you haven't heard of RBP. it's like a mix of services you can offer to your tenants like renters insurance, virtual concierge, etc So the property manager/landlord pays for their renters insurance, and filters?  

One of our borrowers who successfully flips on the South Side (Dobson, Park Forest, etc.) is capitalizing on the abundance of discounted rehab properties (on market and off market via wholesalers and the such), which is a key strategy given rising rates. 

What's your thoughts on me setting up owner finance on my property?

Investment Info:
Single-family residence buy & hold investment.

Purchase price: $289,000

Cash invested: $50,000

Live in/flip then LTR

Duplex can always add additional units via the ADU laws. 8) Related to number 1, purchasing a property with an existing ADU is cheaper than buying a property and adding an ADU.

Every investor faces challenges, whether it's finding deals, securing funding, or managing rehabs.