If you have a good insurance broker, you should be able to use a more standard policy though.

First impressions matter and presenting a property in its best light can attract potential buyers and increase its market value.

STR standard depreciation is 39 years @Andy Lanyi@Jonathan Cooper even if you take Bonus Depreciation as @Basit Siddiqi highlighted the remainder 40% will be prorated using the Half-year convention or Mid-quarter convention used in line with what you read in IRS Pub 946 

Is that a national guideline or is that just more local bank conservative standards? 

Managed a substantial rent increase with two newly qualified tenants.

They got caught short with the recent rate increases.  

If they do it increases your odds of getting approved.

ie just increase rent?

And by DSCR loan, I'm thinking standard 30-year DSCR loan.

Low down payment with potential for huge rent increase year over year making house hacking very advantageous in New Jersey.