The standard mileage rate is subject to certain rules and you must choose to use it on the first year you have the car then on later years, you can choose between the 2 methods whichever will give you the most deduction. 

The rents tend to be bit soft [not quite meeting the 1% rule], but I like the potential appreciation due to the schools / area. 

While this is simple anecdotal evidence to support my general statements, you can use https://www.incomebyzipcode.com to easily compare any given zip code on the east and west side to compare median income levels.

Market rents probably support about 12 or 1300 per sideProperty is in Texas so property taxes are high. 

I appreciate the support and help of this community.I currently own one rental property that is 1 side of a twin home acquired through an off market deal through some dumb luck (asked a co worker about his house once just for an understanding of no association, and he called me 3 months later and asked me if I wanted to buy his, he was moving across country).  

@Saul Moreno One of the most important rules is really to know yourself and have a impeccable personal discipline.

Not necessarily but more like an institutional lender that doesn't follow Fannie Mae/Freddie Mac rules. 

The RMLO will provide you an underwriting  package with the following items: STATEMENT OF COMPLIANCE QUALIFIED MORTGAGE REPORT CREDIT REPORT PROOF OF INCOME REQUIRED LOAN DISCLOSURES SUPPORTING UNDERWRITING DOCUMENTS CLOSING DISCLOSUREThis underwriting package will also help you sell your note for top dollar if you ever choose to shop it!

The CAP rates one new construction are much lower and a lot of times builders will offer move-in specials to get higher rents than the market will support (ex. 3 months "free" rent at 1.25x market rate). 

So the max gross rents from the park will be $315x18 = $5,670/month (tenant owned homes).If I paid sticker $289k that's the 1.9% rule.