Yep - My firm can do this for rate-term refinances and/or acquisitions, with stipulations (specifically for 85% LTV): Min DSCR of 1.25x+, Min FICO of 720+, SFRs.

Ask your employer if you can have your pay split up into three deposits, one to investments savings, one to your checking account for personal use on a daily basis, and one to an emergency account you can tap into so you don't have to tap into your investment savings.

I have managed to get myself into a bit of a complex situation on my first deal and I'm looking for some advice. 

This could be an opportunity to share what you've learned.

I'm also thinking of turning a room downstairs into a bedroom with a simple wall.The TH is actually across from UCSD, not SDSU.  

Interesting, thanks for sharing!

What made you interested in investing in this type of deal?

., mortgage interest, taxes, repairs, depreciation) on Schedule E starting when the property is placed in service.

Do you have any resources on this strategy that you would recommend?

We need to account for both in this analysis.