Business BRRRR to Personal Hold

[Rick Turman]

BP Family,

I am looking to see if others have done something similar to this and or experienced this and what have you found to work best.

I closed on a property in the business name to BRRRR as I found a portfolio lender that can turn Commercial loans faster and without limitations. This loan was packaged as a 6 month interest only note rolled into 15 yr mortgage at 4% there after. I've purchased this property for 74K and will be all in at about 105K. ARV is looking like 155-160K and with it being a duplex, will be 100% occupied by the time I refinance. It's at 50% now turning 1050/mo. With all these numbers aside, here comes my delema.

My thoughts were to have the business flip the property, and once completed, refinance into a conventional loan in my personal name to take advantage of the better rates and longer term loans.  Is this a good idea or should I keep it in the business name if offered an attractive refinance package?  

From a tax perspective, the down payment was a capital investment from the personal side and the bank structured the loan as a construction loan covering the renovation costs. Since I am not selling the property afterward but simply renting, can I write off the Capital investment as a loss or what can be preserved as a loss from this purchase/transfer into personal loan if any? Also, at what point can I claim depreciation over 27.5 years? Is it from the time the property went into service, or is that year along with following years a given based on new ARV? Thanks everyone and looking forward to see what others have done.