The non-tax Depreciation Expense (assuming 80/20 improvement to land) will result in an annual $11,132 ($382,650 * 80% / 27.5) depreciation expense which will exceed the $3,000 IRS limit but will guarantee you have no current tax liability for this investment for a long time.

You may also do a P&L only, or 12 month bank statement loan on a NON QM loan.

However, I think this can give you a non-BS answer on some of your questions.  

New Investor here…Looking to meet and mingle with other experienced/non experienced Investors.

Hey @Ruben Garcia, Given we are accountants, we cannot promote our services on BP as its against the rules.

Your notice should have every tenant's name plus "AND ALL OTHER OCCUPANTS", the date of the notice, the date it is posted, the date it will be mailed, the property address, that you are giving a 60 day notice to terminate their tenancy/non-renew their lease agreement and have the landlord's printed name and signature. 

BUT, the mere fact that you are attempting to place a lender in a position in which they will now ostracize all other non-LGBTQ customers is a clear violation of the same regulations put in place to protect you and all other cousmers in the first place and is why they will decline to work with you in this manner... you are forcing them to encroach on the rights of other cosumers to access their services, which is a violation of the cosumer safety regulations impossed on them.  

You would then spend non-reoccuring transactions out of the management account store money and pay auto payments out of the property account.

No seasoning.Key Bank, FLorida flexible lender, HELOCs on second homes and rental properties. 90% LTV on primary.PenFed - max 3 other properties, 89% LTVRegions- yes HELOC but no LOCSCCU Florida 70% LTV, 6.25% interest only, not LLCSound CU "non-owner occupied HELOC, capped at $150K and interest rates are prime + 2%, 3% or 4%, based on credit, not to exceed 70% ltv.”TD BankTIAA Direct was EverBankTower FCU, all states except TX, max 45 DTI, green card ok.

(chart below is non-residential, I couldn’t find a good source for residential electrical labor, so I you have one, please share!).