I was shocked as I thought it would be very simple (which it is), but some syndicators will use funny math such as not counting fees, placing expenses on a quarterly or yearly basis when using IRR (backloading to end of year). 

IDEALLY, we would like to find a property that has or is capable of being converted into a “mother in law”, “ADU”, “Casita”, or any other separate living quarters in which we could rent out the main portion to a tenant (short term or long term) and then use the separate space as our own for when we come and go with business.

The city has a few popular vineyards and every year a festival is held where roughly a quarter million visitors attend. 

In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.

STR standard depreciation is 39 years @Andy Lanyi@Jonathan Cooper even if you take Bonus Depreciation as @Basit Siddiqi highlighted the remainder 40% will be prorated using the Half-year convention or Mid-quarter convention used in line with what you read in IRS Pub 946 

The reality is it's a huge focus for me with my fourth and likely final happening earlier this year.

My list was rankings by dollar amount and number closed Nationwide for past four quarters for NON QM lenders that do DSCR.

So there it is, no exercising eminent domain for a quarter trillion dollars.

I literally don't expect to speak to my tenants more than once a quarter. 

Our house down there is the same way, with a metal roof, open air, then a concrete floor or roof above our 2nd floor living quarters.