You may know your credit score, talk with all the lenders pick one and let him/her prepare the file. 

One just need read the law for a very easy understandingThe preceding sentence shall not apply to any foreign taxes described in subsection (a)(3) or to any taxes described in paragraph (1) and (2) of subsection (a) which are paid or accrued in carrying on a trade or business or an activity described in section 212.And then the reference from the above law to IRS Code 212(1) It has been paid or incurred by the taxpayer during the taxable year (i) for the production or collection of income which, if and when realized, will be required to be included in income for Federal income tax purposes, or (ii) for the management, conservation, or maintenance of property held for the production of such income, or (iii) in connection with the determination, collection, or refund of any tax; and(2) It is an ordinary and necessary expense for any of the purposes stated in subparagraph (1) of this paragraph.And for even simplified version, just look at the IRS guidance on the subject...What Deductions Can I Take as an Owner of Rental Property?

I have been looking around the Memphis area as well as the surrounding areas, to pick up some rentals. 

I'm picking up the keys Monday or Tuesday 7/16 or 17/2018.

We are interested in getting a "home base" property 3-20 acres in or around Asheville NC and then pick up rental properties as the deals arise. 

In addition I'm looking to pick up a rental every year or two to add to the 4 I currently have.My question is about mobile home parks and specifically parks in and around St.

It's fine if you want to jump in without a goal, but it's a marathon... not a sprint... and your "big why" will pick you up on the days when you need it. 

Having said that, if you want to get into real estate suggest that you do part time by helping local wholesellers and do the following:1) make a list of wholesellers in your area 2) call them up and see if they will let you pick up anything on their marketing side and once you in you can gradually know more. 

To determine the "value" of the family members interest you will need to look at the perpetual monthly income as much as the price of the property as a whole.

I have a feeling I have determined why the company that owned my house before I bought it just painted the basement concrete instead of actually finishing it with drywall...I'm getting first hand experience about why there's so many complaints about Baltimore City.