I didn't take any depreciation, I did a bit of improvements to the rental half of my 2 family, and I need to change head of household status and dependants.

If you have a net loss on your residential rental activity and actively participate in the rental management, then you can use up to $25K per year in net rental losses to offset your other ordinary income (that is income from your W2 job) provided your total household income is less than $150K per year.  

http://en.wikipedia.org/wiki/Bristol,_VirginiaThe median income for a household in the city was $27,389, and the median income for a family was $34,266.

I don’t have high risk peeps in my household.

If that's the case, you're going to go places that have lower than median households by a disproportionate amount, also likely higher crime, and steadily less accessibility.I think the root of your question should be what does my risk tolerance allow versus how cheap can I go?

A: NC SAFE applies to “residential mortgage loans.†These are loans made or represented to be made to a natural person or persons primarily for personal, household or family purposes, and secured by a mortgage or other security interest on a dwelling or residential real estate located in North Carolina.

The companies that support our properties primarily use apartments.com The prescreen questionnaire we require them to use: Previous Address Desired Move-In Date Do you get government assistance for your rent *Any EvictionsCredit Score Range (We provide the minimum required to qualify)What Is the Reason For You MovingTotal Number To Reside In ResidenceDo you own Any Pets If Yes What type of PetDoes Anyone In the Household SmokeDo you have renters insuranceWill you require alterations to the buildingIf Yes please describe the alterationsMonthly Family IncomeHow Did You Find Us

My household income exceeds a MAGI of $150k. 

I transfer only household survival $ to my personal account(s).   

@Nick RutkowskiI’m looking for long term tenants ( no vacation property) I was looking at the city statistics the other day and looking at things such as their poverty level as well median household income couldn’t make a fair decision I had mixed feelings about it!