Is it possible to list a rental for single occupancy only? Or does that violate fair housing laws? I've seen limits of 2 people per bedroom, so I imagine I could limit it to one person per bedroom? Thanks for the advi...

@Sandy Keller many states require a lease to state the owner of the rental property and any property manager/agent for the owner.Check your state laws!

Online it says there is currently no rent cap, but there is a new law being proposed that caps it at 10% and for new tenants, only 15% above what the previous tenant was paying.

The down payment plus closing costs, expenses to make the property rent ready, travel back and forth (do not purchase a property in a market that you have not visited and/or do not plan to visit pre and post purchase), and the required cash reserves puts your realistic purchase price around $150k. 

This would require incredibly expensive work as we would have to cut through a public street.

We require strong LL referrals and state this requires more than paying your rent on time.  

Therefore if the required hours are put in, then you may be able to use the losses to offset your non passive income such as W-2 wages.  

Can one take advantage of the tax deductions associated with rehab, appliances, furnishings, STR set up costs, etc) that were required to get the new property STR ready in Tax year 2025?

its very doable, the first to check though is with the city to see any permits or specific requirements.

I have been doing some online research on Lending Deck.