I’m still coming out of pocket $115 per month to cover the mortgage and condo fee, not including extra maintenance and issues down the line.

You probably mean the tax return you filed in 2023, and that was your 2022 tax return.When you file your next return later this year, which will be your 2023 tax return, you will need to also file Form 3115 with corresponding attachments recalculating depreciation for all prior years, including the years when you did and the years when you did not claim depreciation.

Don't reduce rent, charge full rent, and pay them outside of the rent.2.

Charlotte is experiencing a tremendous amount of growth, including all of the surrounding cities.

Always good to work in dollar amounts, since dollar values weren't included in the original post I don't have any dollar values to work with here. 

But the best way to reduce risk is to reduce leverage (money borrowed)

If you’re near a stop or intersection they may use discretion and reduce the distance since traffic will either be slowing down or not up to speed.  

So, the sales contract should specify any inspections etc you want to do, including reviewing a copy of the lease and also getting estoppel forms signed so that you know what the current rental situation is in detail and that the tenant is attesting to that so there are no disputes later.

I've handled many quiet title actions, including at least one to go back behind Tax Title Services and correct errors, which resulted in that particular investor having wasted some money.  

Finally have that egg and I can put 10% down on an FHA loan, but I am trying to sort out what I can list as income when I am looking for pre-approval.Typically you are able to include the rental income from the other units when listing your income, but if I'm not certain what that rental income will be am I able to use an estimate for this?