My main point is: If it doesn't cash flow positively at 70-75% borrowings, how is it a "deal"?...

I mainly come to biggerpockets to help/educate anyone seeking advice.

If the meal had a business purpose, then there's no reason why you couldn't deduct it. 

My main concern is the fact that the railroad is in very close proximity.

I am guessing you guys are single for tax purpose. if so, the rental income and expense are divided based on the ownership of the property.  

I don’t want to spend it lol and I know if I don’t give it a purpose it’ll be gone at the next gun show I go to or something.

My main focus is the I5 corridor from Everett to Blaine but I'll take a deal wherever it leads me. 

We are planning on buying a 3-4 unit multifamily in Maine and house hacking for a year.

Mainly in the Providence County Area.

Hello,I have a newly-purchased residential rental property, and I'm just now setting up my financial tracking for it.What's the correct number to use as the original cost basis, for depreciation purposes?