Or the dollar devalues, to be more precise.  

You can always ask your tax pro if you're unsure.To give you an idea, I built an extensive flow chart for our bookkeeping team to help decide if something should be capitalized or deducted for a rental property and this became our SOP for capitalizing vs deducting.

You can add to your Chart of Accounts to account for owner contributions and movement of money between LLCs to help with the funds that flow from one account to another and for funds that enter the business with personal funds.  

I've posted it before, but here's the comparison chart cover 15 different STR PMS solutions I built out to decide on the PMS Formerly Known as YourPorter (now Guesty for Hosts).

Your points are precise, and show an obvious disregard for the investors by the sponsor.  

[Source: National Association of Home Builders]Demand: The chart below illustrates the steady increase in household formation, a key driver of housing demand.

Dallas-Fort Worth is a smart choice, man the growth there is off the charts, and there’s plenty of room for first-timers with the drive to go all-in.I remember helping a buddy of mine who was in a similar boat to you, he was switching from a totally different career and diving into real estate.

Bigger Pockets "Top 100 Cash Flow Markets" charts last column is RTP (rent to price ratio).

A quick run down:at $150/sqft 1473-1666 sqft  1667-1833 sqft1834-2000 sqft The chart shows 4 categories but that can be broken down into 3 categories.

Only issue is you have minimal insight on monthly performance unless you download the bank statement and then build custom charts in excel or google sheets.