HI Kev, we helped a lot of luxury STR investors this year utilize the accelerated deprecation tax incentive, I would actually suggest checking out the bigger pockets featured tax preparer section and sine it's likely a considerable reduction definitely not try and do it yourself..the investment in high quality reliable tax advice is essential to any investor tool kit. 

Anybody else out there have any ideas, thoughts or agreements to share on this.Thank you in advance for your consideration!

Which scenario has the most complex tax considerations?

Back when that house was built it wasn't really a consideration to finish basements.

To really understand all the critical considerations about the borrower you should review prior to funding, I suggest you check out my book Lend to Live: Earn Hassle-Free Passive Income in Real Estate with Private Money Lending published by BiggerPockets.com.

Cape Coral can be a promising location for real estate investors, but like any investment, it requires careful consideration of various factors.

Having supported several investor acquisitions of small balance multi family recently and originating mortgages for the better part of two decades here are some quick pointers and considerations for investors: - Residential loans are considered multi family properties of 1-4 units.

**Insurance and Liability**: What insurance considerations should I keep in mind, and what liability clauses are important to include?

Flood insurance has gone up considerably and is making it hard for buyers to use FHA or some conventional loans. 

If you are adding plumbing that low you are likely to need a discharge pump for sewer along with other considerations.