Subtract all costs (mortgage, property taxes, insurance, maintenance, property management fees, and HOA fees) from rental income to determine the estimated monthly cash flow.

My brother and I are starting to invest on the side ourselves, and from all the podcasts we've been listening to, we want to make sure we are doing things the right way to take advantage of any tax incentives.

It looks like it's pretty much the same terms: 0% down owner-occupied and 5% down NOO. 2.25% funding fee and the seller will pay up to 6% of the sales price towards closing costs. 

Look into low income housing tax credits: https://www.huduser.gov/portal/datasets/lihtc.html

In which states would I have to file tax returns? 

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

:Proper (https://www.proper.insure/)Steadly (https://www.steadily.com/)Just curious if they actually pay?

It was built in 1897, we believe it was originally a brewery.There are currently two paying tenants, one vacant unit, and the storefront is vacant.

This strategy works great because there is a huge need for affordable housing here in Denver and paying 750 for a bedroom is a good deal for people that want to live here but can't afford a one bedroom apartment.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).