I suppose it is possible to do it yourself but do you really want to close on a property without title insurance?  

The landlord can only deduct for actual damages, which can be physical damage to the property or lost rent.

I would love to hear any and all thoughts about this as a first or early purchase including financing details I may not fully understand for commercial properties. 

@Matthew Turcotte I would talk to @Sergio Altomare from Hearthfire HoldingsI’ve sold Sergio several self storage properties and he and his team are doing a great job putting together investors on self storage specific deals.

State Farm and Obie Insurance are who I typically use for investment properties.

What a lot of people think:Bonus depreciation is only for new properties or acquisitions.The truth:You can retroactively apply bonus depreciation to property placed in service after September 27, 2017, when the Tax Cuts and Jobs Act passed changing various rules.The IRS allows you to claim missed depreciation deductions by adjusting your current year's tax return, without needing to amend the previous year's returns.This is typically done through a change in accounting method using IRS Form 3115.

We would either keep it as a cash-flowing rental property or fix it up and move in to it and rent our house.

The property portal’s new forecasts call for national home prices to rise 2% in 2024, and just 0.9% over the next 12 months (now through September 2025).

I have properties in the city that I allow pets bc I know those tenants will be required to clean up after them per city laws.

@Caleb L.I would say it is fine, so long as your job is not just to find a property for an investor by middle man communications between a broker and the investor for a small payment (pretty much what a broker does).