I was at a bank function 2 nights ago and told the bank president that we have de risked the project 100% so he should not worry about the 5 mil dollars he has out on it LOL

I would think that if the mortgage was recorded properly, it will simply be paid off.This is a question that you probably should have asked of the title company / lawyer before going under contract. 

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

I would make sure that crawl space is vented proper, may need a small commercial grade fan not sure .

I have found that those with the proper knowledge in how the software works, and of course know how to use the software, would agree with your post, including myself! 

Also, I can't really list it until I have my own proper photos, which means waiting until we get occupancy, so it could potentially sit empty for a while.My questions are:- Aside from listing on Furnished Finder, are there any other ways to connect with potential MTR tenants?

Is it the repair is to fix the it and make it functioning, and replacement is to improve and add more value to it? 

Lots of these new construction builds were done very cheaply, and since it is wood framing with siding, flashing stucco, etc; if the proper flashing drippage and caulking wasn't done correctly you will often find leaks.

Some things I do to avoid bad situations: screen well, only have properties in good locations where people actually want to live (I find tenants behave better when they know they have a good thing going for them and that they are easily replaceable), set proper expectations, have a rock solid lease, go over it with new tenants to make sure everything is clear and agreed upon, and enforce the lease by issuing a formal notice to pay or quit every single time rent is late by even one day (and charge the late fee), or a formal notice to cure or quit every time there is a lease violation.

Give them proper notice, keep it friendly, and explain it’s all about fairness to match market rates.A little empathy goes a long way—help them understand the rising costs, and they might just thank you for it (okay, maybe not thank you, but they’ll get it!).