Reduced loan amounts?) 

I would spend $2k to reduce long-term expenses $125/mo any day of the week.

@Rob Krin, looking at your BRRRR calculator output, I noticed a few things:You need to enter a down payment (currently shows as $0 under Acquisition) to reduce the amount financed up-front.More importantly, you probably didn't select INTEREST-ONLY for the acquisition financing. 

This takes a little more work, but it's the most fair and reduces the likelihood of tenants that squander utilities.If you choose #2 or #3, there are considerations:Start with an average.

Good news, I've spoken to make lenders (FCU's specifically) and actually found one that does "Essential Worker, Zero Down Payment" program that has reduced rates and no rules against already owning houses in the area.

I think it's a great way to start investing as it reduces the amount of risk each partner carries.

Are they rejecting it or just reducing the amount?  

All cash no inspection purchase from an investor reducing his portfolio by 10 properties.

Since it's only been 3 months, I'm looking for ways to reduce my tax liability. 

It is a way to reduce risk assuming your existing residence would have good margins.On a practical basis, investing close or far depends on how involved you want to be.