One additional factor that helped me in the early stages of REI was having the advice of a trusted real estate agent.

(I switched property manager in 2018, rented the second unit in May, now I am receiving the rents).I do not need any deduction for a 0 income, so it would be very simple if I hadn't to attach the additional module for depreciation.

I think I have minimized my risk by purchasing it out right and then testing the market for what the property will rent for to further prove my numbers for purchasing additional houses in the area.Once it is rented I am going to work on either refinancing or getting a line of credit for the purchase of the next house.Hope this helps any new investors who commented on my thread. 

Also need to remember, most buyers have a home inspection done and then can come back asking for additional money towards repairs etc.  

Risky, but to land a property make take additional risks.

Start investing first then see if you want or need to add the additional costs and hassles associated with having one.A LLC is a want not a need.

You could offer to pay agency, pay an additional 2500 cash, and then ask the Seller to be your bank for 18 months at four percent interest only.

@Kevin McAnally In addition to the meetup that Michael mentioned (we have a meeting coming up on the 19th, check out events section) feel free to check out the following event on meetup.com scheduled for September 25th “Quad Cities REIMG - Welcomes Kevin Schoonmaker with Bank Orion!”.

Or is it in addition to QB?

I am managing it myself and have a handyman in town.The lease terms do not include lawn maintenance or snow removal, however my tenant does not want to do it herself.My handyman is willing to do it for an additional fee if I provide the snowblower and lawn mower.