Don't let tenants slide.

You want to start off on the right foot, and if the previous owner had let something or things slide, you want to take care of those.

How do you finance subsequent properties when the bank takes into consideration the borrower's "DTI" ratio?

Usually do a sliding scale from 7-12% depending on the class, location, and # of units and how close together they are.

Once you own a property, subsequent travel for acquisitions becomes tax-deductible.Deductible Travel ExpensesTransportationAirfare, train, bus, and car expensesTravel to and from the airport and lodging to business locationsLodgingOvernight stays required for sleep or restOther Expenses50% tax deduction for meals outside your tax homeDry cleaning, phone, tips, and other necessary business travel expensesNoteEntertainment is no longer tax-deductible under The Tax Cuts and Jobs Act.Mixing Personal and Business TravelWhen combining personal and business travel, some expenses may still be deductible if the trip is primarily for business.

If you let one tenant slide on something, chances are that other tenants will find out.

How much the buyer subsequently puts down does not change the quality of the deal.

In New Jersey lien go over $5K to $10K premium hoping that investor will have chance to collect 18% interest and penalty on subsequent payment.

In subsequent years, only new assets or depreciable improvements to existing assets are reported on a new Form 4562After you finish Form 8825, follow the directions on line 21 to transfer your net rental income (loss) to Form 1065.  

Also note that overlays exist, to wit note that the Fannie Mae forms don't even include anything about a two year average, and specifically mention only "12 months" AND "borrower's most recent year [not yearS] of federal income tax returns" AND there is even a section for "property acquired during or subsequent to the most recent fax filing year," meaning Fannie Mae will actually go for counting rent BEFORE it's even on tax returns!