I went ahead with a different company and installed the water heater and didn't get the check from them for several days.

If you can get it even Mortgage+HOA/Rent that will be impressive and if your credit checks out you will definitely have solid cash out options.

Just always good to check local building codes to ensure this method is allowed.

Yes- you can, but you should check with your accountant and QI to verify exactly how that effects your liabilites. 

.- Use cost segregation studies to expedite depreciation of your properties to offset large income gains.Entity Structure- Choose appropriate legal structure (LLC, partnership, or S corporation) with consideration for different tax implications.Tax Credits- Explore available credits, like energy-efficient or historic rehabilitation credits.Qualified Business Income (QBI) Deduction- Check eligibility for QBI deduction, providing up to a 20% deduction on qualified business income.Record Keeping- Keep accurate and organized records for tax compliance and audits.State and Local Taxes- Consider varying state and local tax implications, including property and income tax rates.Tax Planning- Engage in proactive tax planning, consulting with professionals for a comprehensive strategy.Tax Changes- Stay informed about changes in federal, state, and local tax laws affecting real estate investments.Remember to consult a real estate tax professional for personalized advice based on your specific situation.

You might check your leasing agreement with them.

This guideline has shifted over the years as property values and interest rates have increased, but the guideline should be a good initial indicator if a property will or will not cash flow.If you are looking for more information about the 1% rule or alternative analysis metrics commonly used in real estate, go check out 1% Rule In Real Estate: What It Is And How It Works!

Check the ARVs....

An example is deeding a property valued at $100k from your name to your LLC or vise versa, you're now writing a check for $4,278.00 just to cover the tax payment to record the new deed, not including the recording fee and any fees collected by the title company or attorney representative who facilitates the transfer. 

What is the character of the area.