I did not start buying investments for another few years as I concentrated on building my sales funnel and getting those two years of tax returns done. 

IF you need 100% financing and lets say its $200k deal, the lender will be interest only at $150k at 12% = 1500/mo + taxes. insurance etc.

Do you have an idea of the total tax credits?

Personal Financial Statement Borrower’s Schedule of Real Estate – or- Resume illustrating experience2-3yrs Personal & Property Tax Returns – All schedulesPrevious Year and YTD Property Profit & Loss statement w/ detailed expensesRent Roll w/ detailed lease informationCopies of all Leases3mo.

What's even more frustrating than asking the IRS help desk, is asking a Turbo Tax "Tax Specialist".

We also have a big demand for traveling medical professionals, etc.

Usually the numbers don't work to build in these neighborhoods, unless government tax credits, etc.Do you see the problem with your two statements:"The turnover costs could/will be high"and"How much more damage could they do?"

Licenses are typically required if you plan to work in a professional real estate role, like as an agent or broker.

If the permanent financing will allow you to recover most of your initial investment and the fair market rent covers the principal, interest taxes, and insurance with cash left over, you have a BRRRR.

That will show what proposed tax increase you will see.