But again, purely from completing a tax return (tax compliance), you can definitely (and should) take depreciation.

This would be my second purchase but the other is purely investment not owner occupied so I'm not sure if that would affect my qualifications for the above mentioned loans.

It is a long process and most likely your first deal will be pure luck.

Now your 3/2 can sleep 5 and you can charge for 5.If you want to get fancy like I have done, put an outdoor picnic (beer drinking) area with a fire pit and fire wood, an archery or small arms shooting range, a kegorator. access to a garage with tools. 

When you take into account on the cars  NO oil Changes NO tune up  No brakes .. the only thing you do to it is window wiper fluid and tires .... the auto pilot is sheer genius.. espically in bumper to bumper traffic.. it will come to a complete stop.. you dial in 2 car lengths to the car in front of you sit back and drink your coffee.. much safer no chance of fender benders..

Equity comes in multiple ways other than just a pure downpayment.Use data, systematize your goal and take action.

It has to make sense as both purely a rental and also for you to live in one unit.

Make sure you have a noise clause, party clause, and underage drinking clause with specified consequences. 3.

By giving a pure option is not financing, but if you market and sell on a RENT TO OWN, the possibility that the buyer may feel it was more of a disguised sale. 

Hey Scott,I have only wholesaled a few and find my deals by talking with local people, DRINKING BEER PAYS lol.