Some costs MAY qualify as startup costs if the rental rises to a qualifying trade or business level under 195 as well.

Feel free to shoot me some high level particulars and I can keep you anonymous. 

With software, it's only as powerful as its user so some clients overcomplicate things and spend most of their time trying to "fix Quickbooks".The most successful and quick clients keep it simple or keep it to their comprehensive level. 

@Henry Clark Your writing skills is excellent.I learned & enjoyed at the same time.

It is a great business as long as you have some level as scale.

@Chris Seveney While I'm not at that level to be able to provide personal experience I will follow to see what others respond with.One question I would have is, 'What is your current loan volume today?'   

Now that is a very high level example but the appreciation is not gone if that makes sense you will capture the ballpark same appreciation if the properties are comparable.  

An inspector can also evaluate at a surface level the structural integrity.

Supplement this far simpler entity approach by ensuring you have appropriate types and levels of insurance, you operate your business in a manner in which your conduct is not considered an exclusion in your policy, you work with licensed and insured vendors, you execute contracts with indemnification clauses with these same vendors/ require additional insured status &  maintain appropriate licensing and permits.

Just a level of comfort of the landlord, which we know.For me though, if I'm not getting something around the low teens in cash on cash return, I don't think I'd bother with real estate.