I would recommend talking to someone to figure out if you qualify for the deduction, and to perform some tax planning to best position yourself to take advantage of the deduction.

I've got some funds secured for buying my first rental property! 

I'm a recent college graduate from the University of North Carolina at Chapel Hill (This past May) who has been lucky enough to both graduate with no student debt and secure a job in the Charlotte area. 

Oh i am ready lol its giving the wife the security thats always hard😂 my agent says duplexes are rarely on in my market as well 

Whenever we've made exceptions and approved ppl with lower credit with an extra security deposit (or two), problems have been more likely to arise. 

If it is a gated community, it also adds a layer of security for your tenants.

During the first year of ownership, the Smith’s building delivers the following financial performance: Total Rental Income $ 40,780 Less Mortgage Payments $ 16,210 Gross Income $ 24,570 Less Operating Expenses $19,836 Net Cash flow $ 4,734(Here is the first of the shortcuts: the above mortgage payments of $16,210 include the principal as well as the interest.

I like the idea of trying it on one unit to see how each one performs and then go with the better.

Next and this is the strange part, I was locked out of my account and put on a security hold.

However it's surprising how many homes in below average areas still perform.