So, while taking into consideration the age and condition of the damaged item at move in and the time the tenant was renting for is a factor, I personally don't think using a strict IRA depreciation schedule makes sense.

Considerations should include existing debts and liabilities associated with each property to ensure a comprehensive evaluation.Communication is paramount throughout this process.

HI Kev, we helped a lot of luxury STR investors this year utilize the accelerated deprecation tax incentive, I would actually suggest checking out the bigger pockets featured tax preparer section and sine it's likely a considerable reduction definitely not try and do it yourself..the investment in high quality reliable tax advice is essential to any investor tool kit. 

As I hope to use the unit a bit myself, I also want to take into consideration the kind of community I'd like to use (which, conveniently, is also about to be primary parent demographic so I'm hopeful other millennials will be looking for similar things)FWIW, I'm happy to do reno on an individual unit, but was kinda underwhelmed by the community as a whole.I liked Champions Gate, but at my price point, I can't buy much that's appealing there.

We are 5 bids in and not sure we're ready to pull the trigger with anybody.

Anybody else out there have any ideas, thoughts or agreements to share on this.Thank you in advance for your consideration!

Which scenario has the most complex tax considerations?

Back when that house was built it wasn't really a consideration to finish basements.

A buddy of mine took even longer as his plans triggered an Environmental Impact Study.   

We have vetted the company and decided to pull the trigger based on great reviews and conversations with other investors.