Arizona’s booming industrial and real estate markets seem like the perfect fit for your skills and vision.

Best of luck 👍🏻 @Justin This is almost perfect advice but you do need 3.5% down with an FHA mortgage.

I'm currently renovating my rear unit and it has the perfect layout to split into 2 units by adding a wall and an additional front door.

Perfectly legal, no hassles.

It is in a perfect location (off the square) in a very popular tourist town outside Austin, Texas. 

Quote from @Patricia Andriolo-Bull: Quote from @Dominic Mazzarella: I believe that Stessa isn’t designed to handle all the nuances of depreciation and tax adjustments perfectly.

Finding an investor-friendly agent is key and they should be able to help you with 1-4, I'd say talking about those questions you asked would be the perfect thing to ask any potential agents you interview! 

If you’re a buyer, this could be the perfect time to explore new construction.

Not considering it will take years of perfect rental with no vacancy or capex just to “break even” with where they are today. 

They are a bit undersized but perfectly suitable for 1 bedroom apartments and the slight increase in costs is far less than the costs associated with venting the units properly.