If so, are there any requirements that need to be in place to qualify for the other address?  

But if you claim this on your tax returns, and your tax returns are used to qualify for future properties, then those depreciation items are added back to your qualifying income. 

I do not have any real estate specific skills, but I work in finance so I'm reasonably comfortable with numbers.

@Justin Y.A solo401k will not work in relation to a buy and hold rental business.You need "ordinary income" for you to qualify to put away in a solo401k.rental income does not qualify.

In Pennsylvania, you cannot just hire an MLO to handle origination unless you already have a state lending license and everything that goes with having that license.FYI: The typical MLO will not be qualified to advise you on all you need to know.

Drew,If you are self-employed you qualify for Truly self-directed Solo 401k plan.

I bought a table saw at Sears 20 years ago, so I'm hardly qualified to comment on current saws.

Qualify the lender to make sure they give you income credit on the home from the rent (usually 75% of gross); your required down will go up 5% on the 5th - 10th mortgage (ie: 20% to 25% on SFR); and you will need to keep extra reserves. 

He does a poor job of advertising it here on BP, but he works for one of the few big firms who originate Freddie Mac debt, so he's eminently qualified to advise you on the subject.

Hi Adam, My first qualifier is if the monthly rent is 1% of the asking price.