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.

You'll need to consider DTI for any of those options, which is usually the limiting factor for people as they start to scale. 

If its inside city limits, its usually a city planning and zoning department or some such.

I think your points cover my limited knowledge on this.   

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

If they're located two or more counties away, their expertise in the local market may be limited.

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

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

There are all rules you need to follow and many towns are limiting the ability to do this now.  

You can request to be the sole seller, ensuring no one else shows the property.Risks: Limited Transparency: Less public scrutiny and detailed information.