You will need owe to talk qualified professional. 

We moved our investment company from VA and like you, are excited to connect with Colorado Springs investors and professionals! 

These are professionals with additional training and a stricter code of ethics.

Robert Howard closing costs like your origination fee are added to the basis of the property and depreciated over 27.5 years assuming its residential.Not a tax professional, no tax advice given

Readers are advised to seek professional advice. 

IE own an income property that has a professional manager to manages the onsite manager LOL.. 

I was just trying to get some very basic info, before I reached out to a professional who could answer those questions.

I also offer services for newbie sales professionals and real estate investors.

However, there are some strategies regarding partnership shares between two spouses that may create a more beneficial tax situation with regard to income that's subject to SE tax- this is a more complex setup and should be done by a professional. 

-is it relatively easy to find a professional to rent a single room in that zip code (south austin)?