Pumping yourself up with paper return numbers on an asset you shouldn't consider selling is a waste of your time.

I know the sheets, toilet paper, pillows, mattress, etc.When my wife and I had an Airbnb, we provided coffee, shampoo and conditioner, soap, etc.  

As a result, I informed them in an email that only toilet paper is allowed in the system that any further instances of baby wipes or like products that become lodged in the impeller and create the need for a plumbing company to fix & dislodge will be billed back to the tenants.

It is a very simple calculation and yes depreciation would be added back as it is a paper loss. 

It's not enough to review blueprints and designs on paper; a face-to-face meeting with potential  builders is imperative.

A major expense can wipe out years and years worth of "cashflow'- A property that cash flows on paper is different from a property cashflowing in reality...There are many times additional expenses to be aware of that may come up in some markets that you are not familiar with...in my case some items were pipes freezing over and much higher vacancy than was figured in initial calculations.- Markets that have very high cap rates as a whole such as 8% + are typically markets that are perceived to have much higher risk and likely will have little to no appreciation at best and more likely would depreciate.

The first tax benefit of real estate is that the cash-flow and appreciation grow tax free(in general).Cash flow will likely be offset by depreciation and appreciation is not taxed.If you are making 8% on real estate(combined cash flow and appreciation), you money will double  in 9 years.If you make 12% on real estate, your money will double in 6 years.There are other strategies in real estate(time involved in real estate) where you can create 'paper-losses' to decrease your W-2 wages, interest, dividends.I normally don't like this route too much as I think people can focus their time and attention more on other tasks that can generate a higher hourly return.Best of luck.

If either property has paper losses that exceed the taxable income of the other, that would neutralize taxes due, but your goal should be 1) produce as much rental income as possible and 2) maintain the property while carefully tracking all expenses and improvement costs so you are only taxed on the appropriate amount of income, if any.

You'll notice that the more conservative the DSCR paper/product the better the pricing is typically so each DSCR product line serves a certain niche of investor (whether they do airbnb/STR, LTR rents, portfolio size, and where ever you are in your journey through REI).

Keeping records of any notices you issue to your tenants is also crucial, as it ensures that you have a paper trail of any communication or actions taken.