So a sponsor that one investor loves will look terrible to another and vice versa.

Have 780 credit score, am an airline pilot, captain.

I’m looking to connect with someone to help discuss the process so I can get with my city to gain a grant yo have them pay for it vice coming out of my pocket.

The captain/crew are more important than the vessel.

No offense but your post sounds very advertisy and no way income and expenses were categorized opposite even so you didn't lose on the income because it would've negated the expenses and vice-versa.Why would your bookkeeper add any equipment depreciate, this is your CPA's role unless that person was doing both. $20K additional income?

You must generally file Form 3115, Application for Change in Accounting Method, to request a change in your method of accounting for depreciation.The following are examples of a change in method of accounting for depreciation.A change from an impermissible method of determining depreciation for depreciable property if the impermissible method was used in two or more consecutively filed tax returns.A change in the treatment of an asset from nondepreciable to depreciable or vice versa.A change in the depreciation method, period of recovery, or convention of a depreciable asset.A change from not claiming to claiming the special depreciation allowance if you did not make the election to not claim any special allowance.A change from claiming a 50% special depreciation allowance to claiming a 100% special depreciation allowance for qualified property acquired and placed in service by you after September 27, 2017 (if you did not make the election under section 168(k)(10) to claim a 50% special depreciation allowance).Changes in depreciation that are not a change in method of accounting (and may only be made on an amended return) include the following.An adjustment in the useful life of a depreciable asset for which depreciation is determined under section 167.A change in use of an asset in the hands of the same taxpayer.Making a late depreciation election or revoking a timely valid depreciation election (including the election not to deduct the special depreciation allowance).

I have thought about pivoting from my current career (industrial construction) to a W2 real estate career to further grow my knowledge… my side hustle is actually captaining a charter fishing boat which has always been my life passion and dream career.

And  it is perfectly fine to convert a property from primary to investment and vice versa.  

That would appear to be a better deal vice doing a cashout refi on your 400k and going from 3.75 to 8.99% on the entire amount. 

And vice versa.Currently, the sample of the metro where income grows faster than rent are San Jose and  Dallas.Sample of a metro where rent growth is faster than income growth : Miami, FL.