Insurance deductible: This can be deducted in the year the claim occurred, as it relates to property repairs.You are correct that depreciation begins when the property is placed into service, so it should start as of December 26th, 2023.This post does not create a CPA-Client relationship.

Am I looking at this correctly?

But in general you’re correct, SFR don’t lend themselves to “enhanced” ROI opportunities as often as commercial real estate.   

Asking in the correct forum will get a better response.Need a spreadsheet or form?

I really don't trust the people on the phone to be correct so I switched.

Just my food for thought here

Thank you for the correction! 

However you are correct, I feel that house hacking may be the best option starting out.

I do manage some small apartment complexes and generally there are not too many issues, but not zero.Also, for me as a PM I have fixed costs per unit, so to have 5 listings in 1 house would be cost prohibitive.Just food for thought, good luck!

I then set up automatic transfers within Baselane to disperse the money to the correct accounts.