I've sent him a lease violation warning letter, letting him know, to keep it quieter at night and letting him know that the basements are off limits.

Aim to max out the Fannie Mae and Freddie Mac limit.

@Sajan JivaCPA license is a state designation.From a tax perspective - a CPA who lives in NY is not breaking any laws or codes for filing a tax return or providing tax strategies to those who live outside of New York.from an audit perspective - A CPA may be limited in signing assurance/audit related documents to the state that he practices in.You should be eligible to write off the items you mentioned.

I understand I’m going to make mistakes I just want to limit them as much as possible and try to limit the impact of those mistakes.

There is no 750K mortgage limit or the 10K for state and property tax limitation on an investment property.

If you are just getting started with limited cash, I would concentrate on learning these alternative methods.

We do have county sewer service but it is limited, for now, to the towns.

Does anyone know of any more potential limitations that may make it too difficult to do business in some states.

Delayed financing will get you good rates but you're limited to purchase price

However many investors insist on using cap rate as a performance metric (i.e. measure of income/return).