You maybe able to do a cost seg(needs to be done by a professional) and get bonus deprecation BUT you maybe not able to use it since you would need to be real estate pro or materially participating via the short term rental loophole to do so against your active income.

While you may be able to make 200/door you probably lose that with lower appreciation.I would run some numbers on new purchases in Denver and one or two Midwest markets (using zip codes for household income to identify your b- neighborhoods) and see what makes sense.

I'm in Texas Thank you  Run background, no felonies, credit not less than 580, no evictions last 5 years, income 3x or so of the rent 

Half of US renters are “cost burdened,” meaning that they spend more than 30% of their income on housing (rent + utilities).

Don't let the situation stop or delay income from coming in.

My LP will simply provide the majority of the investment up front (approximately 70-80% of upfront cash).We both agree on a 50/50 split of earned equity from the mortgage.

My partner and I earned fairly ok on W2s, and we have just started buying real estate since 2021 - bought our primary home (3B TH) in Mountain View in May 2021, and bought our first investment property (4B SFR) in GA in March 2022.

No income no doc and in LLC .

My understanding is that Rentalizer overestimates both income and costs.

As Dave Greene always preach, you need to have a steady source of income while you grown your portfolio.