You need a local/state specific lease.2.

I the understand the wiring for this specific purpose equipment can be considered with the tangible property. 

Also would you focus on a specific target market you are familiar with and know the comps like the back of your hand and have boots on the ground ?

Specifically, what research results told you these were two good cities to invest in?  

Last year January MN enacted the biggest # of changes all were added details and raised the bar of requirement for Landlords, including some specifically detailing how a listing must be detailed.

Just to name a few: Borrower's Experience FICO Loan Amount Loan Type being sought: Perm (30 yr ams), Bridge (12-36mo I/O), Rehab (12-36mo I/O), Ground Up (12-60mo I/O) Property Type (1-4 unit, 5+ MF, Warehouse/industrial, Hospitality etc)If you have a specific deal in mind, then you can have a lender (or broker) look at it and give you a better idea.

Also, have you considered a specific investment strategy (e.g. rentals, fix & flips)?

In US tax law, the depreciable lifespan of an asset is defined by its MACRS classification which stands for “Modified Accelerated Cost Recovery System.”Under MACRS, depreciable assets are assigned to different classes, with each class having a specific recovery period.

Usually, by the second month, you are figuring out how to evict.Sometimes we have a specific unit that has been on the market a long time. 

This is highly lender-specific; there are no universal guidelines for DSCR loans like there are for GSE/Govvy loans.