I am a new real estate investor and I'm trying to determine the best way to finance my first property.

Another issue we are dealing with as an organization is what determines a property Lead-Free in New Jersey.

Hello John,, Question, how do you determine which are C+, or even B class neighborhoods? 

I am determined to close on my first deal this year. 

Be prepared to be flexible.A couple of websites I like:howmoneywalks.com: Using IRS data you can see where people are moving to and from.Zillow Rental Market Stats: Gives you an idea of how rents have been trending in a certain area.Something to keep in mind: If you are putting a low down payment and expect the numbers to work, they likely won't in the beginning.

For example, if I send my son money for books, can I do so as a property manager fee so that this is also tax deductible.4) If my son, finds the monthly payment to be to much while he is in school and I end up shouldering some of the costs, how long per IRS rules can I carry a loss on the property.Any help would be greatly appreciated.Thank you.

Quote from @Treza Edwards: What expenses are included in determining cash flow?

It's not common, but it doesn't hurt to ask.Keep in mind, this is a method of determining how they maintain the rental.

Your first determination is what your tax exposure is. 

To determine if there’s a market at the hospital, I'd recommend reaching out to the hospital's housing coordinator or human resources department, as they often handle temporary housing for traveling medical staff or out-of-town employees.