You can if you want, but if this loan is from a well known, licensed, reputable lender, then its similar to getting regular mortgage.

And they'd be able to use the additional depreciation to write off regular income and save about 5k on their taxes.So what is the real return on their 95k investment. 

I am not in Military so my knowledge of Va is limited based off how long you have to live there, if you can refinance into regular loan later on once you have some equity etc.

But a clogged toilet that's because of regular wear-tear over the years?

I had 125% inputted for Repairs and maintenance, 75% for Vacancy and 125% for Capital Expenditures 😅 just switched them all to regular percentages and it's now showing negative $1,030 cash flow with $3,530/mo expenses.

Did the Cap-Ex on the triplex affect your taxable income?

Would like to understand 1031 exchange rule to understand what is considered as boot that would be taxable. 

Their policy may or may not require a certified 3rd party appraisal for any taxable event such as a distribution in kind.Current valuation is all that matters here. 

I enjoy managing my own rentals and like being able to regularly visit my properties.

Most “cheaper” and “regular” rental places though don’t generate enough income to worry about taxes anyway so it’s a non issue for most people.