However, the problem I had with cozy had was my ability to scale with it.

Golf.When you flip, the first "expense" you always include/calculate is your profit.When you buy a rental, the first thing you always include/calculate is your cash flow.When you do anything in life that leads to the ability to enjoy that life, the first thing you do is "enjoy that life".What am I saying?

You have the ability to make similar returns that a cash buyer would make but you didn't need as much money to get into the deal. 

As we file taxes jointly, this will provide us with the ability to claim all rental activities/losses as active, with the potential to deduct against my W-2 income.Trying to plan ahead for my next move.

But if the house you are looking at is similar in size to the others in the neighborhood, its a desirable neighborhood, and if you actually have the ability to make 100K profit, then it seems like a very good idea to jump on!  

Deposits were also a joke too with duplicate entries and stuff that just made it easier to do a work around by entering it in as the tenant lost all their deposit and then paid the tenant like I was paying a bill and just note that it was a deposit refund.

I think your ability to learn and be humble will take you far!! 

The BRRRR strategy is awesome but it really is an advanced strategy that is very dependent on your ability to buy something below market value make the right repairs to get maximum ARV and rent and then refinance.

They care about a demonstrate ability to learn new skills, because that is what you'll be doing for the first year, work ethic, and interest in RE. 

Hello BP Mates,Last October we acquired our first SFH rental property and now it is time to understand and execute a tax strategy that aligns with our goals and maximizes our ability to invest in the future.