How do we minimize taxes on the profit we're making on this first home? 

Most traditional property managers don’t handle this setup due to challenges like managing tenant disputes, coordinating overlapping move-ins/outs, and the risk of Fair Housing violations when selecting tenants.

Check with your municipality about how property taxes will change when you buy the place.

I know there's seller finance and "B" lender that are good for the short term, but if a balloon payment is due say in 5 years, there's no guarantee that my DTI would be in a better place then I'd be stuck without funding. 

Part of this is due to marketing and pre-marketing of the home - an agent is your marketer.

Many people get this confused thinking that is take-home (NET) income, when it should be BEFORE taxes GROSS income. 2.

How does this look from a tax perspective.

I chose to invest in 1272 Lakins Rd, Etna, due to its potential in a growing market.

@Adedotun Kembi Most lenders will only lend a total of 65-75% on a rental and at much higher interest rates due to the higher risk.

Tax Preparation, Tax Advisory, Accounting.