I am very close to closing out on my first rental property.

I do own a rental property in Texas, interest rate is 4.8%, and it has a lower mortgage left to pay off. 

If the rental is in Florida, a google search says "Florida law doesn't forbid a tenant from using their security deposit as their final rental payment or for paying due rent.

To invest in a house hack, consider income consistency, minimum monthly income, emergency fund, extra savings, debt-to-income ratio (DTI), financing options, stabilizing income streams, starting small, and rental income consideration.

I'm hoping for some guidance and any suggestions/ help is greatly appreciated.The specifics of the property are as follows:Land: 1 acre Income Generating Units: (built around 1995 all in good shape)Ranch House: Rental income of $1,200/monthMobile Home 1: Maintenance personnel reside here rent-free (not generating rental income)Mobile Home 2: Rental income of $980/monthMobile Home 3: Rental income of $1,000/monthMobile Home 4: Rental income of $1,200/monthMobile Home 5: Rental income of $1,200/monthFinancial Information:Estimated Annual Taxes: Approximately $2,500

Purchase price: $645,000 Cash invested: $32,250 New to the rental program, this charming 1 bedroom villa is an ideal beach getaway.

After listening to the podcast for months and reading multiple books on real estate investing and rental properties, I am officially hooked and eager to begin my real estate investing journey!

This is because the Schedule E is obtained independently, and few people would inflate their rental income in that form (and pay more taxes than they should).  

I am currently looking at purchasing my first rental property there a single family 3 bed 2 bath .

Looking for some feedback on your East Side Cleveland rental business experience?