Such as splits, fees, and bonuses. 

Buying a 4+ bedrooms with a bonus room or flex rooms they’re able to charge from $650 to $750 per room including utilities.

Bonus depreciation and Section 179 allowances for improvements can be utilized, with the latter, however, capped at zero to prevent negative losses.

Bonus depreciation and Section 179 allowances for improvements can be utilized, with the latter, however, capped at zero to prevent negative losses.

Have you looked into cost segregation studies, bonus depreciation, 179D, historical tax credits, etc.?

You could ask your accountant about options for bonus depreciation or possibly updating the properties in order to receive depreciation deductions or write-offs for repairs, maintenance, etc. 

Saved $1,000 per month in monthly housing costs.Step 5: Saved up the cash flow money and bonus money from their work.Step 6: Bought another condo $250,000 in a HCOL city that cash flows with 5.5% rate and 25% downStep 7: Raised rents on all 3 properties to market rate equal to $5,800.Time to complete: 9 years.Cash flow went from $300 to $1500 per month.Properties valued at approximately $925,000.

Sellers motivation shouldn't factor in what you can afford, thats a bonus if they will negotiate, but your numbers have to make sense to you and work out for multiple exit strategies (str, ltr, sell etc)Running the purchase numbers is pretty straightforward, use almost any online mortgage calculator, make sure you know taxes and insurance (taxes will go up a bit if it is currently owner occupied and you don't plan to live in it) Once you know your mortgage amount then start looking at other STR's in the same area and same size/amenities and see what they are getting per night and how many nights a month they are rented to calculate what you MAY be able to get.

Lets call that the :( side.2) And there is the happy side... passive income (syndications, passive partnerships ie medical/dentist offices) and passive losses (depreciation, bonus depreciation via cost segregations common in syndications).

@Jamie Smith  Put a generous cap on the utilities you pay in the lease.