Ask them to give you your main constraints... 1) minimum down payment % by property type (will vary for condo, SF, 2F, etc) and 2) the max loan amount you can carry.

There are some non-legal considerations as well depending on what kind of public image you want to put out.

@Allen Fletcher is right on in his assessment of the actual tax being dependent on past use (actually 500K tax free is the top exclusion if you're married and have lived in the property for 2 out of the last 5 years) and future strategy (depending on your path you could exempt all or part of the tax in a 1031 exchange).Your accountant paints the current picture better than anyone.

I’ve spent the last 13 years or so chasing the rabbit hole of success in the 9-5 world — successful I suppose, depending on the metrics you use to measure that sort of thing.A couple years ago, I dipped my toe back into the real estate investing world.

If your retirement utterly depends on having adequate cash flow from your properties, any downturns will cripple you.

Obviously it depends on the area and the motivation of the sellers. 

-Pet rent Depending on your building you can add income by allowing pets and charging for them.

It all depends on the neighborhood, I think.  

I still have a good idea of A n D properties are (I think lol) but it seems like everyone's definitions of what each are can vary drastically from person to person so I was hoping I could get a bunch of thoughts together so I can come up with a better idea of what they will be to me.

But you can probably charge prorated rent until you find a new tenant, depending on your lease and local landlord tenant law.Focus on getting him out as soon as you can and be fair with deposit return.