DSCR loans are underwritten based on your credit, liquidity, and the rent you will receive vs the principal, interest taxes, and insurance.

I can’t help but think I’m running out of my youth to do physically taxing things.

The ultimate goal is to reduce the likelihood of capital calls, while at the same time streamlining work for the bookkeeping team.Example: We're buying a 40-unit apartment complex (in Michigan) with an annual property tax bill in year 1 of approximately $50,000.

@Tammy Muller here are two great threads that cover the accounting software options and feedback thoroughly: BP -> Quickbooks or something elseBP -> Fav bookkeeping/accounting softwareThey don't mention either of these options, but that might be because RentalHero &  REI Hub are full-blown property management software, and Quickbooks Online, Digb, and Stessa are accounting/tax software focused on real estate investors.

You're completely deferring all tax on gain. 

But now I am being told that if I do a refi to pay them off I will lose the 'prop 19' tax basis on the portion of the property I buy from them, even if I move into it as my primary residence. 

However, I usually keep depreciation off the balance sheet until I can see the tax return and I go back and add it for the previous year.

I agree with the cost of high taxes it's hard to make a profit but not impossible.

As a newbie, my first question is around how to start out.What is the best type of business for Real Estate Investing to get the best tax break?

Low property value and amount financed, escrows ( I don't consider as you have to pay tax and insurance anyhow), origination fees because of the low dollar amount