Can you send me some details?

SD is only related to individual return, and you will get that no matter what, unless you itemize deduct in you personal return. 

It seems like these posts always lack in details so I will try to give the most information possible:Sale Price: $575k  Current rent: $6825 (this is topped out, no room to increase)Loan terms: 20% down, 20 year 5 year balloon  5.75% interestsManagement: 7%Insurance: $3200Maintenance/capex: $5000Taxes: $8900Vacancy: Using 5%Property is C class and in good condition (new furnances, roof, etc) No common areas.

You will definitely want to consult a local attorney that specializes in landlord/tenant law for the details.

There we can chat about many things in more detail. 

Forums like this are general questions and answers not detail.

I would suggest a detailed application form that includes the required permission for credit checking as well.

I went to go look at a flip once in a "transitioning" neighborhood.... didn't take long for a crazy guy to come approach my realtor and explain in great length and detail how he'd burn the building down if we bought it.

#WillWork4LeadsKeeping accurate records of items that you can write off while or depreciate if key.

@Dave Foster is a very knowledgable intermediary who is active on this forum and can probably help you out with some details if that approach is of interest to you.