Those holding cost will certainly add up over time and kill any cash flow.

I would need to consult tax consultant for this however I expect to reduce my effective costs by ~$1,495/month (based on a 32% tax bracket).2.

I guess it triggers the "sunken cost fallacy" part of their brain.

3) Your $250k with 30% down => about $750k (you also need funds for closing costs, taxes, etc.)

Travel costs to look at other properties.If you travel but have not identified the property that you want to buy yet, the cost is considered an investigating cost.

I completely agree with @Ashish Acharya's points about the cost-effectiveness of a HELOC and the potential credit implications if it’s secured by your primary residence.

With your costs being less you can invest more into the property to build reviews and get bookings. 

There are no upfront costs so why not establish a relationship with someone who actively represents real estate investors and move forward with vetting your ideas.Best.

I am trying to get a good hang of the rehab costs since I’m new to the are (from Dallas).

Additionally, cost segregation and bonus depreciation can accelerate tax benefits.Because filing as single taxpayers limits certain deductions, planning in advance ensures you maximize benefits while avoiding complications.