I need to learn more about this but I think the depreciation would only offset rental income (passive income) right?

On the application I did put a deadline for all applications and income verification.

These are also great, but are generally going to be on the other end of the affordability spectrum from the above, and the rents/incomes reflect that.Regardless even if the restaurant goes dark, there are a couple good things to owning a restaurant building.1) single tenant free standing building are the top of what retail tenants are looking for. 

If inflation impacts your income, it should impact your expenses.

@Nate Mcauley The thing I see most often mentioned as the source of wholesalers first deals is Driving for Dollars.

I'm anxious about making any financial mistakes that will cause me to be in hot water with the government since I am not sure how to report income from an investment property. 

From my experience, Aircover has been covering loss of income if there were bookings for those days. 

Use any CPA and treat it as normal income. 

I intend to hold onto the property long term and yes I would be willing to live there if there was no income potential.

Have incomes kept up with inflation?