As for the qualifications for a loan, they are referring the the reduction of taxable income you are left with after the large depreciation deduction.

Even then, I would net $2700 (taxable income, mind you) over their 2 years with us.

You can try with someplace like Navy Federal Credit Union or maybe one of the local base credit unions. 

Similar eviction bans are in effect throughout many markets across the country, and over 90% of tenants are still paying their rent:https://www.nmhc.org/research-insight/nmhc-rent-payment-tracker/https://www.narpm.org/docs/COVID-19/NARPMpressrelease_june.pdfIn addition to State eviction moratoriums, there is Federal law (the CARES Act) that places similar restrictions on landlords and property managers through July/August, and that too could be extended.Back in March, I sent a message to all of our property owners, basically telling them to hunker down and budget for 80% rent collections for the next 90 days.

@Adam Odom Not looking for PPP, I am referring to just regular unemployment under the PUA for the $600 a week federal unemployment assistance benefit.

@ Jason Crowe here is a link that explains the flood vening for areas in a AE flood zone, Brake away walls are required in a VE flood zone. https://www.fema.gov/media-library-data/1585162441620-bd1b5b0d5cf34eda30d6363c63290d9a/FEMATB1_508_031320_rev.508.pdfAS for the lenders requirements to have flood insurance coverage; this is because any lender that gets government funds to offer a loan are instructed by the federal Law to mandate any structure that is in the high risk flood zone (flood zone that requires flood insurance) to purchase a flood insurance policy.Every lender for Every loan pull what is called a Flood zone determination (FZD) which will tell the lender if the property is or is not in the high risk flood zone (Typically a AE or VE).

I am not saying that to be a jerk, there is a lot of liability involved with violating local/state/federal laws regarding housing and you want to be aware of the stakes. 

At the federal level, they are limiting the credit to those in the Military.Traveling from your personal residence to your investment property is potentially a deduction.

Real estate experts are not mortgage experts; mortgages are legal instruments that are regulated by multiple federal agencies. 

I was under the impression you did not have to file federally if you did not have income in your first year.