Might be tough to do this without a cost segregation study or a specific allocation in the purchase agreement, but definitely depreciate over shorter lives for these type of items you purchase for the unit.

I know it is real tough to do that in my area (Northeast New Jersey), but we have ties in Buffalo, NY, so we are looking to start up there.    

And of course it's tough to get paid when the tenant has little to no money to pay with.One way is for the landlord to keep bill in landlord's name and to bill tenant for utility usage.  

You stand a chance to get a business loan as long as you guarantee the loan and can show bank statements and income to prove you can repay the loan.Joe Gore

(our least favorite option and we don't have a lot of cash right now)It was great that we were able to purchase our first property and it is going well but we really want to accumulate more properties and after you spend most of your cash to get the first one it is proving difficult to get a second one. 

Yes you can do it but it is a tough business.

@Dave Snider Acquiring properties on the North Side that meets the 70% rule is going to be really challenging, not saying that it can't be done, but in Washington township and Hamilton County it's going to be tough. 

Let's say you meet someone, and they meet your requirements, and then they say can I see your drivers license and can you prove you are the owner of the property would you provide it.

Paul is right, it may be tough to get a loan that small.

Here in Dallas we are seeing more tenants screening the landlords with all the fraud going on where landlords are saying they are the owner of the property but cannot prove it.Joe Gore