Depreciation for what is left after bonus depreciation, the building itself, is indeed prorated, however it's a relatively minor factor compared to bonus.And read this post please, since there could be other things not mentioned by influencers: https://www.biggerpockets.com/forums/51/topics/1122635-the-s... 

Let me also say this, the BRRRR strategy doesn't compare to this program.

I'd compare the blended rate with how much you could get with a refinance otherwise and tell you whether it's a better idea to go with a full refinance or the HELOC route.Feel free to PM me if you don't want to share this information on the public forum.

It's important to work with someone who has firsthand experience with the challenges and rewards that investors encounter.

To confirm, compare with comps

How much value would a web site with direct booking bring to this kind of arrangement as compared to listing on Furnished Finders, VRBO, etc, particularly if we stick with the mid terms.

Also, try to find similar rental units in the same neighborhood to compare to so you have more of a rent range/conservative approach. 

Are there notable pros/cons to getting the property under an LLC compared to regular homeownership (us)4.

This website (https://www.affordablehousing.com/housing-authority-mi/) allows you to compare the average price, condition, and size of homes available for Section 8 rentals.

Compare that to hard money at 10-12 and 3-4 points and you can see, this has been very cheap money to scale.