Here is an intro to depreciation:https://www.biggerpockets.com/forums/51/topics/1121063-expla...Also, cost segregation refers to analyzing what you bought already - the $155k part.

There is a lot of new development moving south and west of Notre Dame.As for the specific neighborhoods - I think you can simply refer to the Trulia crime map as it tends to be pretty accurate.

A few years later Nickerson “retired”, Lowery wrote his own book, and included “flipping” properties - what’s now referred to as “wholesaling”.   

Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.

I did self manage and self lease, so I screened all tenants looking for no evictions, no criminal background, good landlord references, long term tenancy, etc.  

Quote from @Adam Bartomeo: @Joe S.I am sure that we are not the only ones who have one but we made our own.Can I get a copy of yours for reference? 

The area does not have explicit rules on STRs so its a gamble with that strategy.

In other words, gross negligence refers to an act taken without exercising even the most basic amount of care owed to others.

The 7-day rule refers to an average stay across the entire year.

You can always get a license and put it referral meaning you're not active, but are referring business to agents and collect a fee.