These offer lower upfront costs and less active management compared to some other strategies.Base your decisions with your learning curve, start with simpler approaches to gain experience and knowledge before venturing into more complex strategies.

Did you know that the tax code offers many incentives for real estate property owners that have a cost segregation study performed, thus allocating costs to 1245 property?

Try this device to measure the noise: https://www.amazon.com/Indicator-30-130dBA-Detector-Temperat...You can also stick the same device by windows and doors to see if temperature drop - which would indicate an insulation issue.In addition to getting an Energy Audit, you may also want to look into any state, local or utility programs that offer discounted or financed energy improvement programs.

To Clarify, When you pay off your principal, there is an "ascension in wealth" and this will increase your basis and offer no write-offs.

I should preface my response with saying that I have never done this but can offer my opinion as food for thought at leastMy question is: What makes a "good" deal and/or how do I know when I've come across a "good" deal?

@Neisa Adams Usually you look at the property (I bring my contractor on the initial showing because if he says no to a property then the deal is dead in the water to me) then you decide if you’re making an offer, then after your offer has been accepted you get an inspection done and once the inspection report comes in you get your estimates.

The best coach is life and experience.You can only do so much theory and the best lessons are learnt via practice.There is enough free information here on BP and many very good and very experienced investors offering their advice for free.Just my opinion.Thanks 

It's a good thing to have and runs about $150.00/year.As it runs about $10-$15/month, build it into the rent and offer to pay it for the tenant.

I want to point out something about what @Theresa Holl said.All those things are very cool and would be nice to offer, but they would constitute significant services which will change your taxable status.So you really have to balance those sorts of special experiences or offerings.

After the lease expires, you can renegotiate rent or offer a new lease aligned with your investment goals.