From there, you'll deduct all of your other business expenses that are not property-specific.

Here are the specifics on the unit:Large Hangar For Sale $197,500 Hangar Size: 4,125 SF (55' x 75'), Construction: Steel hangar fully insulated with efficient natural gas heat.Lot Size: 0.19 Acre (8,125 SF) of leased landZoning: AIRPORT-L, M1-L,OSPR-L, PF-L23 years remaining on land lease.Hangar has an office, shower, gas heatSingle lift hydraulic 53' x 18' door200 amp service

For less then 2 years income, HML or Private money may be the best option as the lenders look at the specific scenario.

Budget anywhere from $2M (35% down) to $2.8M (25% down). 

The IRS cross-references your 1098s with claimed deductions, raising concerns if discrepancies arise.Private Lenders and Forms 1098: Private lenders are required to send Forms 1098, but only if they meet specific criteria:The private lender operates as a “trade or business,” distinguishing professional lenders from casual lenders like friends or family members.The loan is issued to an individual or a disregarded single-member LLC.The loan is a mortgage secured by real property.The annual interest paid on the mortgage was $600 or more for the previous year.The conditions leave some room for interpretation, particularly regarding the “trade or business” clause.

I'm doing some work for a client who is looking to do the same, though not specifically near the Clinic, as you can reach people at any of the three health systems without being directly near the Clinic.

I am aiming for a home between 150-250k, which i can afford if all hell breaks loose, at a 5% conventional 30 year term loan (unless a lender or someone else can suggest me a better loan) My question is what are the minimum requirements for obtaining such a home (capital wise, credit score wise, salary wise) Who can i specifically talk to for these numbers and help me understand tenant demand, areas, and more specific information about my market?

I too have wondered about connecting with a mentor in this space and what those who are more experienced would suggest for getting started specifically in the market which I live.

Memphis is street by street and I am happy to share insight on specific pockets I would stay away from.

Design the layout of the project and budget.