In all seriousness, there should be some wash out during the course of your build. 

Your rental income and expenses would end up on your personal return and could net to zero, but not be deductible (unless you have real estate professional status).Bill does have a good idea about living in a residence for two years, fixing it up, and selling it with the exclusion (up to 500k for a married couple), if that was something you wanted to do.  

In the future, after this guest I'll take the time to get professional photos and create listings for other places like Airbnb, Zillow, VRBO, etc. 

They are very well organized and very professional, and their reported past results are exceedingly good at 24% avg annual return, but that was then (lowest interest rates in 90 years, CAP rates compressed from 8 to 3) and now is now. 

The pictures are professionally done, but they aren't labeled.

Skidmore, GlobalFoundries and of course the track will continue to bring renters to the area.All the best,Steve 

Be willing to adjust the rental price if necessary to attract potential tenants.Implement the following steps to increase your chances of finding suitable tenants and minimize vacancies.Generating Interest and Attracting Potential Tenants:Making the Listing Take professional photos!

@Chelsie Hall - I just finished a CSS Decision Diagram flowchart intended to bring together all the various questions when assessing the benefits of a CSS (via a professional or DIY).

Not saying you should, check first of course. 

Ultimately it is going to boil down to personal preference and what types of rentals you have (As well as how many).DoorLoopStessaLandlord StudioRent ManagerAnd of course the tried and true - QuickBooksAny of these will work for simple accounting/bookkeeping but some will excel depending on if you have short term rentals vs long or a lot of properties.