If it is a C-Corp then it would. you should be able to deduct your mileage since you own property there and claim the depreciation on the passive income property. but your best bet is to talk to a CPA that that deals with foreign trade and could better answer those questions 

So I can decide if we are a match or not versus new people starting out as an agent can become desperate for any business (throw stuff to the wall and see what sticks approach).

If you don't have any other investment you want to embark on with your excess fund that would be generating some sought of income for you on the side, I am sure your best bet is to go for 20% downpayment on your real estate purchase because it helps you build equity really fast and if due diligence is properly followed in the purchase strategy then you can be rest assured of stable and steady cashflow. 

Im willing to bet you have a pretty good interest rate on that loan too. 

Based on the numbers you presented, this is not going to be a cash-flowing property and is solely a bet on appreciation.

A little work upfront saves a lot of time and headaches down the road.5) Tenant proof when you do upgrades - an example is use hard surfaces for flooring versus carpet.

Many lenders will take an initial look at the scheduled gross income versus the effective gross income and reduce the number based on estimated vacancy rates (which can be higher than actuals). 

Perhaps the Cap rate is higher in your area.With regards to financing, I wouldn't bet on seller financing.

The quintessential example is a service dog for a blind person versus a cat to comfort a lonely person.

Your best bet is marketing.