Additionally, on the balance sheet, you will reduce your cost basis in the property by this deduction amount.Are partial deductions allowed?

Attempts to qualify the buyer and reduce the total size of the financing failed, so I've focused on the personal guarantee. 

No more waiting a year for a cash-out refinance (and going through the fees, appraisal worries, paperwork, etc.) or locking up capital by reducing leverage to qualify through long-term market rents (generally only half of what can be earned as an STR, especially for a professional).I personally think we are entering a buyers market, where STR professionals are going to be able to pounce on properties that novices are going to give up on, and there should be some great deals out there. 

You have an income producing asset that is appreciating but you are allowed to reduce your taxable income by the depreciation.Tenants pays down your loan – A portion of your tenant’s rent is used to pay your mortgage payment.

I'm sure todays electronic payment systems reduce that somewhat. 

Just can't decide whether to buy a place to reduce monthly housing expence or go offensive and buy a rental to increase income.

@Zhi Li I hear ya but just reducing your capital to get into a deal isn't necessarily going to make bad deals good deals.

Building a team also reduces the overall workload on yourself and each party which allows individuals to play to their strengths and mitigate weaknesses. 

The rent in 2019 exceeded 4% of the purchase cost (2020 was Covid impacted so had significantly reduced rent). 

Does anyone have or know of contact/company that will come out and point out water leaks and provide solutions, something like the "water scrooge". Something to trim down my water bill for a 4 unit property?