Mid-quarter convention: This applies if more than 40% of the basis is placed in service in the last quarter, limiting first-year depreciation.This post does not create a CPA-Client relationship.

Then we see if the current tenant later decides to extend or we list the limited open period, often at a slightly discounted rate. 

Not only your depreciation is limited, you cannot claim any loss.For 2025, you will have two separate periods.

Quote from @Wilson Pereira De Oliveira: I didn't know about this rent control limits in Berkeley.

Family services will inspect the home and limit occupancy based on the number of bedrooms.

Those that do, typically will limit it to very small projects.

I also put them under additional limitations (e.g. occupancy limit of one person per bedroom) to offset the risk.

I think your points cover my limited knowledge on this.   

Many cities don't allow drilling in the city limits, or have restrictions, but outside city limits and especially outside the metropolitan areas, there are fewer restrictions on drilling sites.

I am a busy professional so I have limited spare time.