I need to learn more about this but I think the depreciation would only offset rental income (passive income) right?

On the application I did put a deadline for all applications and income verification.

These are also great, but are generally going to be on the other end of the affordability spectrum from the above, and the rents/incomes reflect that.Regardless even if the restaurant goes dark, there are a couple good things to owning a restaurant building.1) single tenant free standing building are the top of what retail tenants are looking for. 

We’re under contract on a pool home in Florida. After two inspections on the swimming pool, we were informed that the fiberglass coating has failed. The pool needs to be drained, sanded, and resurfaced or coded.seller...

If inflation impacts your income, it should impact your expenses.

I no longer wanted to have a single source of income.  

I'm anxious about making any financial mistakes that will cause me to be in hot water with the government since I am not sure how to report income from an investment property. 

Use any CPA and treat it as normal income. 

I intend to hold onto the property long term and yes I would be willing to live there if there was no income potential.

I have two questions. 1)I was reading an article that gave the following example:"John Doe has $200k of taxable income on his W2 and buys an $800k 6-unit property.