Could be something to watch!

This brings into question everything he's told you on his rental application.  

In this case, the reclassification resulted in a significant first-year deduction under applicable bonus depreciation rates.

Super interesting to watch the numbers change month over month. 

(Obviously only applicable in states that have income tax).

I would watch out for these kinds of marketing efforts. 

Taking that money out and anything that leads to more people using the equity from their homes and reduces the friction to that process is not good in the long run.As a NPL buyer who buys 1st position mortgages, we do watch stuff like this carefully as the moment these borrowers get high CLTV's any drop in pricing and change in economic conditions will lead to more foreclosures versus bankruptcies.

If you perform a cost segregation study for your short-term rental property, you would typically file Form 3115 (Application for Change in Accounting Method) to claim the depreciation adjustments from the previous year without needing to amend your prior return.

I keep hearing about the rent to retirement company so I watched their online video.

Think of it this way: if we were to screen tenants on criminal background, credit, eviction history, landlord references, and income (3X that of rent and employee verified), even with 25 tenant applications, it's difficult to find a reliable tenant to match all those criteria.