Finished product is to be a properly rehabbed standard SFR and marketed as such.Thanks in advance for any insight and lessons learned!

You could get a standard Fannie/Freddie loan in your personal name - which you could find for 75% max LTV for 30 yr fixed from most conventional banks or lenders.

The tenant can schedule their monthly rent payments to automatically be deducted from their bank account.

My 2 cents: All Lenders have different standards.

This is your capital investment, you do get the deduct the capital investment but over 27.5 years for the residential rental property via depreciation. 3) The operation of the business will generate you a loss, and that loss will offset your rental income.

If I buy a house in January, spend 6 months rehabbing it, and then rent it out in July, do the holding costs during the first 6 months (prorated property tax, mortgage interest, insurance, utilities, etc) get deducted from rental income, or do they get added to the basis of the property?

@Angelo Van the 1% rule of thumb is slanted toward US investing because in every state you can expect the same interest rates and loan amortization for the "standard" investor.

This rule ensures any deflation in value occurring while the property was held as a personal residence does not later become deductible upon sale of the rental property.

You will be claiming depreciation as a write off (about 3% of your basis in the house per year) while it is rented, and will have to claim that deducted depreciation back as income when you sell though.

I.e I have been deducting my licenses, fees, association dues etc to the tune of 2k a year