Hi Matt,15% is the lowest downpayment that is currently out there for DSCR, and it does come with a significantly higher rate than a 20% down DSCR.

OK get the easiest out of the way - Depreciation does give you a current year write off. 

I'm currently under contract for a rental property in another state.

Some neighborhoods in that area are fully gentrified (German Village), some are strongly in process/nearly fully there (Merion Village), and some are on the cusp and are currently a mix of flips/rentals and more dilapidated properties (South Side). 

For financial, insurance and logistical reasons, I will need to occupy one of the two units that are currently occupied.  

We got a really good deal on it because it was sitting for a long time and we came in under asking direct to the agent for the seller.

This is my first investment and planning to invest in multiple properties over the next 5 years get financially independent. please suggest good markets to invest in midwest. i am currently looking in Kansas, Iowa and IL.

What are some of your current goals?

I currently already have a primary home, SFH, in which I rent by the room.

The business and real estate value are packaged in the deal, and the crux is that the current owner is the operator who has mismanaged, and is looking to retire.