Depreciation is another powerful tool, allowing you to deduct a portion of your property’s value annually.Action Step: Keep detailed records of all expenses and consult a tax professional to ensure you’re claiming every deduction you’re entitled to.3.

I have over 30 years professional experience so not taking anything personal.You have corrected nothing. 

There are many loan programs to help out first time homebuyers so don't feel as if this is too ambitious when there are tools to help you out, like use here on the Forum!

Leverage will be reduced from the max available, reserve requirements increased and, typically, you would be required to use a professional property manager.

However, the concept of a virtual office is a very useful tool that provides a professional fiscal and commercial address, as well as additional services such as mail handling, meeting rooms, and phone assistance.

I work with multiple different programs through our housing authority ("Section 8" and similar).

I do a meetup in Mesa on Saturday morning's which is a good place to come meet even more RE professionals and investors.You have the experience so now you just need the right strategy to grow the portfolio.

This can create deprecation needed to offset these gains, and we don't need to qualify for real estate professional to take advantage of it in this case here. 

Also makes it look professional when a potential renter comes to look at it.

Seriously though, if you haven't already get your self a solid real estate-focused tax professional in your corner.