By expensing items instead of depreciating them, you might reduce future depreciation recapture.

.--- Tactic 3: Diversification: He invested across various real estate sectors, reducing risk.2.

Quote from @Melanie Baldridge: It's really simple: increase earnings, reduce expenses, save, invest, and wait. 

You can deduct expenses like mortgage interest, property taxes, insurance, repairs, and maintenance costs from your rental income.The biggest advantage is depreciation—this allows you to deduct a portion of the property’s value (excluding land) over time, significantly reducing taxable rental income.

Fortunately, we are in position that we can indefinitely absorb the reduced income that our STRs are producing.Good luck

You deposit all your income into your loan/checking account and use expenses as needed and any remaining cash flow, sits in the loan thereby reducing interest cost and helps pay down mortgage faster.

Increase earnings, reduce expenses, save up, and buy one property.

As I'm in talks with the oil company that currently owns the land, what questions should I find out from them that would help reduce any surprises?

So far I have not taken money out of a tithe account when there are losses, but since I give tithe on net profit from all my properties, does it make sense to reduce current year's profits by prior year losses as much as the IRS allows and pay tithe on the net profit?

If you offer more than your MAO, you may not be able to sell the property to a cash buyer, your profit may be reduced, or you may not make any money on the deal.