Can I consider the tenant of the one room also a "rental"... and include the SQ footage of that room as well in terms of deductions for repairs etc?

Years ago, I could file claims for small, even minimal, damages on my rental properties, like a few fence pieces blown off during a storm.

@Eric StugartI would first select a market, and then find boots on the ground.

I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.

Areas like Georgian Acres to Gracywood are in demand, offering a mix of affordability and growth potential.

Those are likely warrantable condos.

A debt fund solves the passive investing issue, but brings on other risks as well. 

I am near retirement from the 9-5 and would like to diversify into rental properties.

I have called a couple of local banks, including the one that my mortgage is through, as well as larger banks like Bank of America and Rocket Mortgage. 

*Getting Capital Now And Buying More Assets - Will Most Likely Increase Greater Returns Then a 2% Spread In Interest Rates*I do recommend a DSCR loan if your property is producing enough income, its a great product and is being used all across the nation to scale portfolios rapidly!