I consider one rental house to be much more risky than several rentals.  

Something to look into for sure if that's a route you are considering and have a primary mortgage on the subject property. 

Set clear money targets, make a plan for investing, and check and tweak your plan as you go.

Every hammer strike, every brushstroke, was infused with passion and purpose as we breathed new life into every corner of this property, ensuring it reflected the very essence of home.And now, as the sun sets on this chapter, we stand on the threshold of a new dawn.

As the laundry room is considered a communal space not for personal storage room.

Some takeaways from him:Treasury Regulations section 1.280A-2(i)(3) gives a couple of ways you can proportion the rental portion of a property--my accountant used square footage.Under section 280A of the tax code, common areas that you also use are considered part of your personal space and unfortunately aren’t counted as part of the rental space in the proportion calculation.

We're finishing a basement & also considering updating electrical / plumbing. 

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Condition of a property and the cost to repair is just one of the risks in this business and you have to consider that in your buy price. 

If a tenant applies for Section 8 and is approved, they must find a unit that meets the criteria set forth by Section 8.