As long as it is not your primary residence, it is used to produce income and you pay for a cost segregation study; yes, you can do it.

You can comfortably be in the 7's using no income no doc dscr welcoming first time investors 

Since its a legit business, this will simply be a labor expense and expenses reduce your AGI(adjusted gross income) which lowers your tax liability.

(Interesting story of how that happened, involving WWII).Looks like China and Japan own a trillion each of our debt, but we own theirs too, so who knows....let's see what the money guys say.Thanks for starting out my day with the knowledge that I (as a taxpayer) am $266,000 in debt...that makes my day 😂Germany has a better income to debt ratio than we do. 

Next would be looking at your income situation. 

They provided insights into rental income expectations and market trends, which helped me identify 'good deals' that aligned with my investment goals.

It's definitely not a terrible idea to own real estate outside of a retirement account so you can take advantage of all the tax benefits, especially using the depreciation to reduce your taxable income from a w-2 job.

I am looking for the passive income and financial freedom. 

The extra five months of rent income would have covered 50% of the renovation and saved me a lot of time and struggle.

Quite literally, if the rental income is equal to or greater than the PITI, it'll qualify (with some exceptions of course). 75% LTV is typical, but I have worked with lenders willing to do 80%.