Keep track of what items are purely for the rental unit and what items are for both units.If it's an item that is technically for improvement of the whole house (landscaping, common area improvements, exterior siding/painting) you can only write off a portion.

This will be pure cash flow of 12% return per year.

@Abby Flynn if you are buying a pure rental, yes LLC is worth it.

Don't buy it purely for any one reason.

Some will be based purely on contributions of cash.

This is a home that my family wants to live in, so we are okay with the repairs being more expensive then what would make sense for a property that is purely an investment property.

REmember, the licensure course doesn't tell you anyhting about being an agent, how to get leads (thats pure sales), how to conduct a transaction, how to save the deal, etc. 

It's therefore a pure capital gain and therefore speculative market.2.

Just curious....Yeah, if it's a tricky house with curving stairs, coffers, elevator and stuff, you're better off with pure framers.

Purely buy and hold.In these uncertain times, why wouldn't you consider a preferred position with the syndicator?