See what it would take to make into a bedroom or just a bonus room they can use as an office or home gym on their own accord is probably a good way to advertise it

Bonus for you: Rent is taxed at a lower rate than is property management income if you were to act in that capacity. 

Follow up questions (for bonus points)...What does that relationship look like? 

And then the later payments are bonus profit.

If you are wanting to take bonus depreciation, it must be taken in the first year that the property is placed in service.

Conventional mortgage and cash down from bonus at work.

I was in a similar pattern a few years ago before I made the first move :) My name is Mo and I used to work in the SaaS sales industry (tech startups) and had a decent base + bonuses all while wondering how I could make my money work.Real estate in Brooklyn/Harlem might be tough, but not impossible (you're going to want to get off market properties) - if you're wanting to focus on REO or BRRRR then it seems like you're wanting a property to invest a bit of $$ in and enjoy the passive rental yield (correct me if I'm wrong?).

Added bonus, think long term, rents are going to increase dramatically here in the next year which will then provide the cash flow that you are looking for.

The property is 4 minutes from the Hard Rock Casino, 12 minutes to Hollywood Beach, and 25 minutes to South Beach.

Anything you can do to add value and off-set that negative cash flow (STR/MTR/LTR if the market bottoms out, improve the home) is a bonus!