@Natalie Vane I admire your enthusiasm, and envy your forward thinking at a young age.  

Properties in this location may vary in age and upkeep, impacting maintenance costs and potential rental income.

I am able to do a CMA (Comparative Market Analysis) for you with specifics based on what you are looking for, however- I just need square footage, zip code, number of bedrooms and bathrooms, neighborhood, year built and age of home/upgrades and improvements to compare.

The 50% rule states that approximately 50% of EGI will typically be consumed by operating expenses.While the 50% rule provides a quick estimate, actual expenses can vary widely depending on the property type, location, age, condition, tenant mix, and market conditions.Here's an example: if a property generates $200,000 in EGI per year, the 50% rule suggests $100,000 would go towards operating expenses like taxes, insurance, utilities, and property management.

What's the age and condition of the unit?

You do still have to have verifiable income history to get a loan, but it's more attainable for someone your age because of the low money down.I'm in the process of buying my first house hack right now at 23 and the lenders that I've worked with do take the income history seriously.

So, while taking into consideration the age and condition of the damaged item at move in and the time the tenant was renting for is a factor, I personally don't think using a strict IRA depreciation schedule makes sense.

My family includes my husband, three children (ages 4 years, 2 years, and 4 months), and my mom who will help with the kids.

Some of these capital structuring decisions won’t age well.

The company I use has a sliding scale based on the age of the account, so they may charge 25% for an account less than one year old and 45% for an account that is six years old.