Your age is your greatest asset.

FYI, the standard deduction does not prevent you from taking all the deduction related to rentals. 

With my conservative $40,000 dollar a year full time income and my mortgage payment of $1050 a month this leaves me with little buying power to buy a full time investment property.Some other relative info about my financial status is that I have a good to great credit score, I currently have $20,000 available to invest leaving me with a cushion in savings and because of my Airbnb income I am currently able to save about 80% of my full time job income yearly.

Demo has already been done but house is full of demo related trash.

However, not all self-directed companies will allow the LLC structure.When setting up any of these accounts, it's important to know ahead of time the compliance rules that must be adhered to, which primarily relate to self-dealing with your tax-advantaged funds.

By making it the primary I'm able to get a bit better mortgage rate and keep it at 20% down (I'm also a landlord novice so I would be able to dip my toes in relatively easily instead of approaching it with an investment loan, etc.) 

Get employer info and closes relative, have tenant update this info each time they renew.Have good screening done.

I'm relatively new to the BP community but have been listening to the podcasts for a while. 

The pipes in the house are relatively old and the house was winterized and thankfully there have been some very minor but fixable leaks, however, the radiators look like water has come out of them I cannot tell if they are in good shape and the technician said the only way to know is when you hook up the boiler.

Most sfh are priced too high relative to the rents they could get.