@Jennifer Manzella SavvaSTR's do have some unique differences from their LTR counterpart.There are unique tax laws if you provide substantial services.STR's are normally furnished by the owner which may be eligible for immediate write-off / bonus depreciation.

They are non-profit in terms of distribution of profits at the end of the calendar year (after salaries/commissions/bonuses/etc are done being paid out, of course), but for 11.9 out of 12 months, they function as for-profit institutions like any other.

For depreciation on one of the properties, I was planning on separating/segregating carpet, floating LVP flooring, cabinets, dishwasher, microwave, oven, and a shed as separate assets from the building and using 100% bonus depreciation to deduct fully this first year.

Most students jump around from year to year and you probably don't want to get stuck with students for more than 1 year if there becomes any issues.3) Parking and laundry would be bonuses.

The original carport was enclosed to make a bonus room at some point.

Many other deals we see have 20 to 30% (of equity) bonus depreciation accelerated into year one under the current tax law.  

That said, with the added bonus of fruit trees & garden space you may find a like-minded longer term renter. 

That might be another big bonus for you.#10 What are the employment and growth prospects for Lovell, WY?   

Cash is king, appreciation is a bonus. 

There're several options, including 100% bonus depreciation in the 1st year.