But it was reported on your joint tax return with your wife (as long as you file a joint tax return). 

Are there any financing strategies that have worked particularly well for you?

The main hiccup and hinderance for obtaining a mortgage for an investment property in PR is that all files are manually underwritten and the title process can be slightly more intensive. 

It's probably a good idea to run this by your attorney as well. 

The seller has a 30 day right to cancel so if you advertise, investors can go direct to seller and circumvent the wholesaler. well all the more reason I guess to have  RE license and then have a listing agreement.

Typically I work with investors who have a well thought out strategy but sometimes lack information about the Rochester market.

who starts off the project by cheating and asking you to cheat as well.

Relay Bank has worked well with my bookkeeping clients. 

I wouldn't recommend BRRRR in random far away cities unless you're going to fly there and get to know the area really well and develop relationships with a trusted team (key word: trusted). 

Works well for us.