I am not an accountant or CPA but my understanding is, if it is available for rent then those items are deductible.

You just need the right agent who is working with other investors like you everyday and totally understands your goals and what you're looking to accomplish ;-)If you ever want more information about Sacramento or the greater central valley real estate markets, just reach out and let me know.

From my understanding, there is only one GC for a fairly large area.

Therefore many attorneys don't understand assignments; simultaneous closings; land contracts; structuring owner financing; or purchasing subject to.  

I closed on my first property about 4 months ago, so for a 22 year old dude just starting out, I have a DECENT understanding of how the real-estate game works. 

I have been doing some education regarding the REI thru multiple books but still there are some gaps on understanding the numbers, property valuation etc. which i believe doesn't make sense until i actually make a deal work.

The first piece of advice that I would offer up is to really get an understanding of what your exact goals are, and then be specific about defining your investing strategy. 

(Understanding that managing the place yourself is arguably the best way to do it, how much of a headache is it when you live far from your investment property and your job keeps you close to home such that you can't personally ensure that the property management company is managing the place well?)

I totally understand what you are saying and it makes perfect sense.

I use propertyware(software for property owners) which from my understanding pulls data from Transunion, Experian and Equifax.