Here's a breakdown:Taxable Income Calculation:The portion of your rental income that surpasses the combined sum of depreciation and deductions contributes to your taxable income.Tax on Excess Rental Income:The excess rental income is subject to your regular income tax rates.

This can help you get started while your income/savings are low.

If you can’t, then try to go 5-story and get more density of units. 4-story usually incurs all of the additional cost for commercial code without the additional income from higher density.

My partner on the deal financed it using his W-2 income.

Can you qualify with IRS income taxes, credit and 80% loan to value non owner in the future?

Passive income here I come 

Let's say below is my yearly depreciation2021: -$10,0002022: -$10,0002023: -$10,000As I had no other passive income I couldn't take the depreciation, but in 2024 if I have a passive income can I take the depreciation from all the previous years or only the past year?

This step is about generating income from your investment.Refinance: Once the new properties are stabilized (occupied by tenants and generating income), look into refinancing them based on their new, improved value.

Running a fancy Class A downtown luxury apartment is far different than a 50 year old building in a low income area. 

I own a recently renovated duplex in the DTLA/Westlake area and I have been searching for a local property management company with experience in lower-income, multi-unit zoned neighborhoods.