For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

My property of choice is a duplex!  

NACA could call the loan if they think you didn't make a necessary choice, they do not consider paying off credit cards as okay.Your HELOC lender can also close the line if your FICO goes down or they find out they are in 3rd position.NACA is an amazing product no down, no PMI, low rate, no fees - you sure don't want them to call the loan.

It's been two year hopefully you made a choice back then 2 years ago when the situation is much better.

-asphalt parking/driving(currently dirt with massive pot holes)(awaiting estimate form local company)-Individual metering (previous hotel, 3 different buildings(2 doors, 7 doors, and 6 doors), all on one meter)Any advice or things to consider are appreciated.

It occurs almost 1,000 times per day by both small individuals and large corporations.

@Kyle Weinapple this is a personal choice regard a cost/risk ratio.

When you say private lender, are you referring to a private individual, or do you mean a nonbank lender, such as a lender that is not a Chase bank or a Wells Fargo? 

I have never really understood why.I recently was speaking with yet another specialist who put it to me this way;  In Canada, companies are taxed the lowest and individuals the highest.

Examples are as follows:5-4-3-2-1 (Stepdown in %)Flat 55555 (5% for all 5 years or 3 years (5-5-5)6 months of interest pmts on 80% of the loan balance (hybrid penalty)your PPP choice directly impacts your rate and DSCR so be sure to weigh out these factors altogether.