(We once had a seller’s agent literally laugh in our faces on-site, claiming there is no way we’d be able to fund so quickly, and why are we wasting his time?)

This hands-on experience gives me a unique perspective on the local market, investment opportunities, and the challenges buyers and sellers face.

Regarding incomes, I anticipate higher unemployment, which will put downward pressure on aggregate income levels.Will we face a recession on the scale of 2008?

I'm sorry you're facing this situation, especially on your first investment property—it’s a tough way to start, but you’re navigating it thoughtfully.

Better to own fewer but better properties with less vacancy and more appreciation that 50 midwest crapboxes that with maintenance and vacancy barely break even.

You can deduct their share of mortgage interest, taxes, insurance, repairs, utilities, and depreciate the rental portion.Shared costs (roof, lawn, etc.) get split.You can’t deduct the purchase price, only depreciate the rental share of the building.Sell later: rental side faces depreciation recapture; your side may qualify for the $250k/$500k home sale exclusion.Keep records clean—treat rental and personal separately 

Standard insurers may offer coverage, but you may need to pursue specialized policies or a state-assisted plan if you face rejection. 

Will update thread with outcome for future BP members facing similar.

Realty: We barely use it because just what you pointed out.

Vs another who maybe barely meet's minimum income needed, but they've been working a crappy job while completing a bachelors in say Nursing or whatever.