Hoping we get the 100% back but reasonable to still get the 40%.also, can an individual/LLC have more than 1 property per year that they can do the bonus depreciation on?

I'm doing this because then I can cashflow the renovation without having to take out reno loans, it takes a bit longer because projects get done as I have the money to do them but for me I prefer to be a bit more risk adverse and have less debt. 

I’m a CPA and my have no preference, but only recently signed up to Xero just to have that ability to offer to a client.

The Plus subscription would allow you to keep track of each property/project and produce reports for them individually in addition to keeping track of the entire business as a whole.  

How do you price out an individual room vs the entire house?

You can do a "placement" fee when the individual first adds the animal, followed by a monthly fee.

I would prefer some a group of nice tenants getting some sort of government support.

Or is it limited to 1 property per individual/LLC per year? 

The best market for YOU, is the market that fit's YOU; you're situation, your preferences, you're resources, your knowledge level, you're risk aversion and about 40 other personalized factors to you. 

do you guys prefer to only invest in newer homes  i.e. built after a certain year to reduce the possibility of having to do a lot of reno on wiring, plumbing, etc. or does it just depend on seeing the house and determining the condition that its in?