Third, I'd like to know what data I need to collect in order to write this off on taxes.

I'm not sure if it makes taxes more complicated or different either.

(Canva charges a fee for each model which varies based on size). 

Hi Ant,As MP mentioned.Hire good property management.You have a few solid options in town.If you manage yourself, you will save on fee's but IMO it's like tripping over dollars to pick up pennies.Investors should focus on the next deal and scaling their portfolio while not being bogged down with minutia.And there is a tonne of "minutia" when it comes to property management.Sure, you can manage 2-3 or 4 properties.Managing 10+ is a different story and a full time job almost.Wishing you much success

**Stability and Predictability**: Buy and hold offers long-term stability and predictable income, aligning with my investment goals for consistent returns and tax benefits.3.

Assume there is a way to categorize it, track individual expenses, then have cash-flow reports for income/expense come tax season.Thanks!

I pay myself on a W2, I've submitted my tax returns and a bunch of other info to them, now they want to see the company's financial records.

If people are getting free electricity and water, they tend to be a little less frugal :) .Then check on insurance costs for a MFH and add that to your projections.Finally, talk to your contractors and see what requires permits, what their experience has been in getting them to pass inspections, the timeline and the cost.Factor all of these into the decision to move forward or leave as is - maybe advertise it as a 4/1 with a home office with outside access and get more rent that way.One last point - I hope that the addition you mentioned was done with permits and is reflected on the tax rolls because if not, you may open a can of worms you wish you had not.

The new loan would be 30 years at around 8.15% interest but of course not have PMI (also no fees, points, etc since they are incentivizing me to refi with them as my current servicer).

Its going to be more about those factors than any local market factors for DSCR Lenders.The lender should have gone over the prepayment provisions more closely before closing, but assuming you likely have whats called a "stepdown" prepayment penalty shorthand called "5/4/3/2/1" - this means that you can refinance and prepay, however if done in the first year of term you will have to pay a 5% fee, second year 4%, third year 3% etc.