If you know where to look and have the right time, you can find properties that cash flow.

Wondering if it worth it to explore providing temporary leasing vs. long-term leasing to begin.

I think this is a rabbit trail definitely worth following. 

@Michael Challenger I scraped all the cash I could find and borrowed from family.

Assuming you purchased in your IRA for cash as most do, then there's nothing to deduct or depreciate because the income is non-taxable inside the IRA already.

Its a lot of work so it needs to be worth it. 

Let’s say a property is, in its current situation worth $300,000.  

Purchase price: $62,000 Cash invested: $60,000 Project in progress: Off market dealPurchase: $62,000Rehab: $60,000ARV: $165,000 What made you interested in investing in this type of deal?

Getting a property with a 3% mortgage that offered both equity appreciation and solid cash flow is what sparked my passion for real estate investing.

I'm very new to investing and weighing which options would benefit me the most.Option 1:  Use the cash as down payment on another primary residence and rent out the current.