Please be more careful in the future, so you don't open up your investment business to legal trouble.

That will save you big dollars in the future. 

You can close the loan in an LLC so that when you file the 1st year you can pay all payments out of your business bank statements and it will not go against your DTI for future home purchases or refinances.

I have two duplexes now (Chattanooga area) and am looking to buy more in the future. 

Hey Sang Ji,Great question, and the answer is that it’s totally up you.While it’s possible that future regulatory changes could bring back 100% bonus depreciation, there’s no guarantee.It may be better to take advantage of the current depreciation rules instead.If things change in the future, you can file retroactively using form 3115.

I rented it weekly for about seven weeks this summer and I have a handful of future rentals scheduled for September and October.

In the Reno, NV multifamily market a 5%-6% cap rate is good because of the strong appreciation, job growth, and very limited future inventory.

If I'm understanding this correctly it mainly makes sense if you either plan on holding the property or doing a 1031 exchange in the future?

If you demonstrate a good track record, securing future funding becomes easier.If you're considering this route, structuring your deals with private lenders could help you secure financing quickly and move forward with more projects.

Yes, you'll have some costs and time spent to keep your license active, but having your own broker's license would give you extra flexibility in the future.